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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 17, 1997
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IXC Communications, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-20803 74-2644120
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(State of other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
5000 Plaza on the Lake, Suite 200, Austin, Texas 78746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (512) 328-1112
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Not applicable
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(Former name or former address, if changed since last report.
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ITEM 5. OTHER EVENTS.
Attached as Exhibit 99.1 is the press release issued by IXC
Communications, Inc. dated September 17, 1997, which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated September 17, 1997
2.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 19, 1997
IXC Communications, Inc.
By: /s/ James F. Guthrie
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James F. Guthrie
Executive Vice President and
Chief Financial Officer
3.
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
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<S> <C>
99.1 Press release dated September 17, 1997
</TABLE>
4.
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EXHIBIT 99.1
NEWS RELEASE
IXC COMMUNICATIONS, INC. ANNOUNCES
SECOND FIBER SALE TO LCI INTERNATIONAL, INC.
Cleveland-to-New York Route Part of New IXC Fiber Network
AUSTIN, Texas, September 17, 1997 -- IXC Communications, Inc. (NASDAQ:IIXC) one
of the fastest-growing U.S. telecommunications companies, has reached an
agreement with LCI International, Inc. to sell dark fiber along its Cleveland
to New York fiber optic route. LCI will pay IXC in excess of $20 million for
the purchase of a portion of the dark fiber installed on IXC's 729-mile fiber
route from Cleveland to New York, scheduled for completion at the end of 1997.
Earlier this year, LCI bought fiber on IXC's 3100-mile fiber route that runs
from Chicago through Dallas to Los Angeles. "The LCI agreement is the latest in
a number of very significant joint construction and fiber sale transactions
that has allowed IXC to deploy a state-of-the-art, nationwide fiber optic
network at a net cost per route mile that is about 25% of the industry
average," said Ralph Swett, Chairman and Chief Executive Officer of IXC.
As part of its ongoing nationwide network expansion, IXC is installing the
latest technology in fiber optic cabling and optronic transmission equipment on
routes generally diverse from other carriers. Advanced technologies allow IXC
to install fewer pieces of equipment along the network, minimizing the chance of
mechanical failure and reducing operating costs. "Once again, LCI has
recognized the quality and value of IXC's advanced network as our fiber
expansion progresses," said Mike Vent, Executive Vice President of Network
Operations and Engineering at IXC. "We look forward to working with LCI on this
new project as part of our expanding relationship."
"We need high-quality, fault-tolerant fiber to support the growing requirements
of our network," said Lawrence J. Bouman, LCI Senior Vice President of
Engineering, Operations and Technology. "The fiber we have purchased from IXC
this year represents the most advanced technology available and gives us the
additional capacity we need to support our expanding customer base and
deployment of SONET ring architecture."
LCI International Inc. provides a full array of worldwide voice and data
transmission services to businesses, residential customers and other carriers
through its fiber-optic network. LCI International, Inc. is headquartered in
McLean, VA, with offices in more than
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45 locations, including national network control and customer service centers,
and regional operations in various locations throughout the United States.
Austin, Texas-based IXC Communications, Inc. is one of the United States'
largest suppliers of voice, data and multimedia transmission services. The
company owns and operates one of the newest nationwide digital networks and
makes network capacity available to local telephone companies, national and
regional long-distance carriers, cable and utility companies, and Internet
Service Providers. IXC offerings include private line, broadband, and switched
and dedicated inbound and outbound calling products, and calling card and debt
card services. IXC is a publicly traded company listed on NASDAQ under the
symbol IIXC. IXC's Web site is located at www.ixc-comm.net.
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INVESTOR CONTACT: MEDIA CONTACT:
James F. Guthrie Meri Braziel
Executive Vice President Senior Vice President of Marketing
Chief Financial Officer (512) 433-3535
(512) 427-3731 [email protected]
[email protected]
2.
