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OMB APPROVAL
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. ______)*
E-NET, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
268 745 205
- --------------------------------------------------------------------------------
(CUSIP Number)
September 14, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Page 1 of 10 pages
<PAGE> 2
CUSIP No. 268 745 205
- --------------------------------------------------------------------------------
1. Names of Reporting Person.
I.R.S. Identification Nos. of Above Persons (entities only).
IXC Communications, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. Sole Voting Power -0-
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. Shared Voting Power 2,083,280 /*/
OWNED BY EACH ---------------------------------------------------------------
REPORTING 7. Sole Dispositive Power -0-
PERSON WITH: ---------------------------------------------------------------
8. Shared Dispositive Power 2,083,280 /*/
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,083,280 /*/
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 19.9% /**/
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
- --------------------------------------------------------------------------------
CO
- --------------------------------------------------------------------------------
Page 2 of 10 pages
<PAGE> 3
CUSIP No. 268 745 205
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (entities only).
IXC Communications Services, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. Sole Voting Power -0-
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. Shared Voting Power 2,083,280 /*/
OWNED BY EACH ---------------------------------------------------------------
REPORTING 7. Sole Dispositive Power -0-
PERSON WITH: ---------------------------------------------------------------
8. Shared Dispositive Power 2,083,280 /*/
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,083,280 /*/
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 19.9% /**/
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
- --------------------------------------------------------------------------------
CO
- --------------------------------------------------------------------------------
Page 3 of 10 pages
<PAGE> 4
CUSIP No. 268 745 205
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (entities only).
IXC Internet Services, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5. Sole Voting Power -0-
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. Shared Voting Power 2,083,280 /*/
OWNED BY EACH ---------------------------------------------------------------
REPORTING 7. Sole Dispositive Power -0-
PERSON WITH: ---------------------------------------------------------------
8. Shared Dispositive Power 2,083,280 /*/
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,083,280 /*/
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 19.9% /**/
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
- --------------------------------------------------------------------------------
CO
- --------------------------------------------------------------------------------
Page 4 of 10 pages
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ITEM 1.
(a) Name of Issuer:
e-Net, Inc., a Delaware corporation
(b) Address of Issuer's Principal Executive Offices:
12800 Middlebrook Road, Suite 400
Germantown, Maryland 20874-5204
ITEM 2.
(a) Name of Person Filing:
IXC Communications, Inc. ("IXC"), IXC Communications Services,
Inc. ("IXC-CS") and
IXC Internet Services, Inc. ("Internet")
(b) Address of Principal Business Office or, if none, Residence:
1122 Capital of Texas Highway South
Austin, Texas 78746
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock, $.01 par value per share ("Common Stock")
(e) CUSIP Number:
268 745 205
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
Not Applicable
Page 5 of 10 pages
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ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 2,083,280 /*/.
(b) Percent of class: 19.9% /**/.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote -0-.
(ii) Shared power to vote or to direct the vote 2,083,280
/*/.
(iii) Sole power to dispose or to direct the disposition of
-0-.
(iv) Shared power to dispose or to direct the disposition of
2,083,280 /*/.
/*/ Internet was granted an option (the "Option") to acquire
up to such number of shares of Common Stock equal to one
less than 20% of the outstanding shares of Common Stock
at the time of exercise after giving effect to the
shares issued pursuant to the Option. Internet may
exercise the Option until the earlier of (i) 30 days
after the closing date of Cincinnati Bell Inc.'s
acquisition of IXC, or (ii) January 31, 2000. Based on
the number of shares of Common Stock outstanding as of
August 6, 1999 which was reported as 8,333,124 on e-Net,
Inc.'s Form 10-QSB for the quarter ended June 30, 1999
filed with the Securities and Exchange Commission on
August 16, 1999, Internet could acquire up to 2,083,280
shares of Common Stock pursuant to the Option. Internet
is a wholly owned subsidiary of IXC-CS which is a wholly
owned subsidiary of IXC.
/**/ Based upon 8,333,124 shares of Common Stock outstanding
and after giving effect to the issuance of 2,083,280
shares upon the exercise of the Option.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
Page 6 of 10 pages
<PAGE> 7
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 7 of 10 pages
<PAGE> 8
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
September 20, 1999
----------------------------------------
Date
IXC Communications, Inc.
By:/s/ Jeffrey C. Smith
----------------------------------------
Signature
Jeffrey C. Smith
Its: Senior Vice President, General
Counsel and Secretary
----------------------------------------
Name/Title
IXC Communications Services, Inc.
By:/s/ Jeffrey C. Smith
----------------------------------------
Signature
Jeffrey C. Smith
Its: Senior Vice President, General
Counsel and Secretary
----------------------------------------
Name/Title
IXC Internet Services, Inc.
By:/s/ Jeffrey C. Smith
----------------------------------------
Signature
Jeffrey C. Smith
Its: Senior Vice President, General
Counsel and Secretary
----------------------------------------
Name/Title
Page 8 of 10 pages
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequential Page No.
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<S> <C> <C>
Exhibit 1 Joint Reporting Agreement 10
</TABLE>
Page 9 of 10 pages
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Exhibit 1
JOINT REPORTING AGREEMENT
In consideration of the mutual covenants herein contained, each of the
parties hereto represents to and agrees with the other party as follows:
1. Such party is eligible to file a statement or statements on
Schedule 13G pertaining to the Common Stock, $.01 par value, of
e-Net, Inc., to which this agreement is an exhibit, for filing
of the information contained herein.
2. Such party is responsible for timely filing of such statement
and any amendments thereto and for the completeness and accuracy
of the information concerning such party contained therein,
provided that no such party is responsible for the completeness
or accuracy of the information concerning any other party making
the filing, unless such party knows or has reason to believe
that such information is inaccurate.
3. Such party agrees that such statement is filed by and on behalf
of each such party and that any amendment thereto will be filed
on behalf of each such party. This Joint Reporting Agreement may
be executed in one or more counterparts, each of which shall be
deemed to be an original instrument, but all of such
counterparts together shall constitute but one agreement.
Dated: September 20, 1999 IXC INTERNET SERVICES, INC.
By: /s/ Jeffrey C. Smith
-------------------------------------
Jeffrey C. Smith
Its: Senior Vice President,
Secretary and General Counsel
IXC COMMUNICATIONS SERVICES, INC.
By: /s/ Jeffrey C. Smith
-------------------------------------
Jeffrey C. Smith
Its: Senior Vice President,
Secretary and General Counsel
IXC COMMUNICATIONS, INC.
By: /s/ Jeffrey C. Smith
-------------------------------------
Jeffrey C. Smith
Its: Senior Vice President,
Secretary and General Counsel
Page 10 of 10 pages
