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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) April 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 April 23, 1998 and attached as Exhibit 99.2 is a
press release also dated April 23, 1998, both of which are hereby incorporated
by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated April 23, 1998
99.2 Press release dated April 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: April 23, 1998
IXC Communications, Inc.
By: /s/ STUART K. COPPENS
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Stuart K. Coppens
Vice President of Finance and
Chief Accounting Officer
3.
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
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<C> <S>
99.1 Press release dated April 23, 1998
99.2 Press release dated April 23, 1998
</TABLE>
4.
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EXHIBIT 99.1
IXC NEWS RELEASE
IXC Communications Announces Major Fiber Exchange Agreement
Extending its Network into Boston
AUSTIN, Texas--(BUSINESS WIRE)--April 23, 1998--IXC Communications, Inc.
(NASDAQ:IIXC) today announced a major fiber swap with a leading interexchange
carrier enabling both companies to extend their networks. According to the
terms of the agreement, IXC will acquire approximately 280 miles of dark fiber
between New York and Boston, in exchange for dark fiber on a 270-mile segment
between Houston, Dallas and Ft. Worth. Both routes are currently under
construction and are expected to be available in the third quarter of 1998.
"Extending our fiber network from New York into the Boston market is very
important to IXC due to the high concentration of traffic in the northeast
corridor," said Ben Scott, IXC's president and CEO. "This exchange is another
example of the cost sharing arrangements that IXC has completed in the planned
expansion of its nationwide network to over 20,000 digital route miles. By
leveraging our infrastructure, fiber swaps enable us to achieve greater
effectiveness and economies in connectivity."
The fiber optics being deployed in all stages of IXC's network development
utilize state-of-the-art LS non-zero dispersion shifted fiber. IXC's fiber
optic network supports the most advanced technology, including wave division
multiplexing, which allows significant increases in the speed and volume of
information carried across the network. The OC-192 equipped network also
supports a full range of advanced communications technologies, such as
synchronous optical network technology (SONET), as well as ATM and frame relay
technologies for advanced data services.
Engineered to exceed 99.98 percent availability, the IXC network is
monitored by one of the most modern computerized systems in the industry. The
IXC network control center in Austin provides 24-hour, 7-day continuous
self-diagnosis and early warning to detect and correct potential trouble before
transmission integrity is affected. IXC has also developed a full range of
innovative voice, Internet and data network services.
IXC's network-based delivery solutions are designed to address the 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. IXC'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.
CONTACT: IXC Communications Inc., Austin
James F. Guthrie, 512/427-3731 (investor contact)
[email protected]
or
Melissa Jackson, 512/231-5247 (media contact)
[email protected]
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EXHIBIT 99.2
IXC NEWS RELEASE
IXC Names Leo Welsh President of Wholesale Business Division
AUSTIN, Texas--(BUSINESS WIRE)--April 23, 1998--IXC Communications, Inc.
(NASDAQ:IIXC) today announced that Leo Welsh has been named president of the
company's Wholesale Business Division.
"Wholesale is an increasingly critical segment of our business, and I can
think of no one more qualified to lead our sales efforts in this area than Leo
Welsh," said Ben Scott, president and chief executive officer at IXC. "He has
been a leading management talent in our industry for many years, and we are
fortunate to have him."
Welsh was most recently vice president and general manager of Wholesale
Services for Sprint. He joined Sprint in 1986, holding several key managerial
positions before being named manager of Wholesale Services in 1995. Prior to
his tenure at Sprint, Welsh served as vice president of operations at H&C Tool
Supply Corporation and managed Xerox Corporation's Corporate Manufacturing and
Equipment Administration staffs.
Welsh received an MBA from the Amos Tuck School at Dartmouth College, and
a BBA from the University of Notre Dame. He is also a licensed CPA in the state
of New York.
IXC's network-based delivery solutions are designed to address the 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. IXC'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.
CONTACT: IXC Communications Inc., Austin
James F. Guthrie, 512/427-3731 (investor contact)
[email protected]
or
Melissa Jackson, 512/231-5247 (media contact)
[email protected]
