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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) June 23, 1998
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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 or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1122 Capital of Texas Highway South, 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 a press release issued by IXC
Communications, Inc. dated June 23, 1998 which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated June 23, 1998
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: June 23, 1998
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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<C> <S>
99.1 Press release dated June 23, 1998
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4.
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EXHIBIT 99.1
(BW)(IXC-COMMUNICATIONS)(IIXC) IXC Continues Building World-Class Internet
Offering With Three Additional Acquisitions
Business Editors/Technology Writers
AUSTIN, Texas--(BUSINESS WIRE)--June 23, 1998--
Addition of SMARTNAP, The Data Place and ntr.net Corp. Puts IXC Among the
Top U.S. Internet Backbone Providers
IXC Communications, Inc. (NASDAQ:IIXC) announced today another major
milestone in the aggressive expansion of its Internet business with the
acquisition of SMARTNAP, The Data Place, Inc., and ntr.net Corporation (NTR).
The diverse technical expertise and product offerings of the three
companies, coupled with IXC's recent equity stake in AppliedTheory, a New
York-based Internet Service Provider, firmly positions IXC to become a leading
U.S. Internet backbone provider. Terms of the acquisitions were not disclosed.
"A strong Internet offering is critical to solidifying the company's
vision as an integrated network solutions provider. Our customers demand a
range of high-quality and diverse services and these acquisitions significantly
advance our intent to cost-effectively meet all their communications needs,"
said Ben Scott, Chairman and CEO of IXC.
The addition of the three companies will allow IXC to provide a
comprehensive, multi-tiered Internet solution. Added Scott, "Building IXC's
Internet offering is a highly strategic and aggressive effort to create, in a
short time frame, what has taken most Internet backbone providers years to
develop. Our customers require advanced services today and IXC is developing
the advanced solutions to meet those needs."
IXC's acquisitions give the company additional strength in the areas of
Web hosting, dedicated Internet connectivity, back office support and channel
marketing. Specifically, each company offers IXC the following:
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*T
SMARTNAP, a subsidiary of SMART Technologies, is an Austin, Texas-based ISP
(Internet Service Provider) that provides aggregated Internet access,
collocation of Web servers and routers, and end-site Internet managed
connectivity. The purchase of SMARTNAP gives IXC an immediate entry into
the Web hosting and dedicated Internet connectivity markets.
The Data Place, Inc., headquartered in Newark, Delaware, supplies
businesses with complete network systems integration solutions. Data Place
gives IXC access to 24 dark fibers from New York to Washington, DC,
furthering the company's presence in the high-density eastern corridor.
Acquiring Data Place also gives IXC additional expertise in the systems
integrator channel for selling broadband services.
NTR, a privately held ISP based in Louisville, Kentucky, offers custom back
office support to wholesale customers as well as multiple Internet dial-up
services. NTR complements IXC's existing back office capabilities to create
a strong, fully operational back office solution, including a private label
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capability for supporting wholesale accounts. Additionally, NTR affords IXC
a wholesale dedicated and dial-up product for its wholesale and retail
customer base.
*T
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"These acquisitions, along with the addition of Network Evolutions, our
relationship with PSINet, our InterconX alliance, and our equity stake in
AppliedTheory, clearly demonstrate IXC's commitment to play a major role as an
Internet backbone provider and to significantly grow our presence in the
Internet services market. Armed with a broad range of Internet expertise to
create innovative solutions, and one of the world's most technologically
advanced fiber networks to deliver them, IXC is uniquely positioned to quickly
and cost-effectively meet customer needs," added Scott.
IXC's network-based delivery solutions are designed to address the
increasing speed and capacity requirements of the global communications market.
Having recently completed the U.S.'s first new coast-to-coast fiber optic
network in a decade, IXC Communications, Inc. is at the forefront of the
industry's new class of emerging carriers. The company's offerings include
private line, broadband, Internet and long distance switched and dedicated
services.
IXC is a publicly traded company listed on Nasdaq under the symbol IIXC.
IXC's web site is located at www.ixc-comm.com.
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CONTACT: IXC Communications
Melissa Jackson, 512/231-5247 (media contact)
[email protected]
Jim Guthrie, 512/427-3731 (investor contact)
[email protected]
