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MCI COMMUNICATIONS CORPORATION
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(Name of Registrant as Specified In Its Charter)
WORLDCOM, INC.
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NEWS RELEASE
FOR MEDIA: FOR INVESTORS: Josh Howell, (601)
360-8750 Gary Brandt, (601) 360-8544 Mark Weeks,
011-44-171-570-5759
Joele Frank, Abernathy/MacGregor, (212) 371-5999
Lucas van Praag, Brunswick Group, 011-44-171-404-5959
FOR IMMEDIATE RELEASE
WORLDCOM RESPONDS TO MCI BOARD'S STATEMENT ON WORLDCOM OFFER
Jackson, Miss., October 10, 1997 -- WorldCom, Inc. (NASDAQ: WCOM), in
response to MCI Communications Corporation's (NASDAQ: MCIC) announcement that
its board of directors has requested its advisors to analyze further the
details of WorldCom's offer, said that it was prepared to meet with MCI and
its advisors at any time to address any questions the MCI board or its
advisors may have regarding the WorldCom offer. As WorldCom said in its
October 1 press release, WorldCom would welcome the opportunity to present
its offer directly to the MCI board.
Mr. Bernard J. Ebbers, president and chief executive officer of WorldCom,
said, "The financial benefits of this offer are compelling for the
stockholders of MCI --a higher premium, powerful synergies and ownership in
the best performing telecommunications stock over the past decade. These
superior benefits have been universally acknowledged by the investment
community."
Mr. Ebbers added, "While MCI and British Telecom are both great
companies, the fit between them just doesn't work without sufficient local
network assets in place. Because WorldCom has those assets in place, far
greater synergies are possible. It is clearly a superior fit and, as a
result, a superior offer. We are confident that we will obtain all necessary
regulatory approvals promptly to allow our offer to be consummated no later
than the first quarter of 1998. We look forward to promptly meeting with MCI
in moving forward with the WorldCom-MCI combination."
WorldCom is a global telecommunications company. Operating in more than
50 countries, the company is a premier provider of facilities-based and
fully integrated local, long distance, international and Internet services.
WorldCom's subsidiary, UUNET Technologies, Inc., is an international provider
of Internet services with over 1,000 Points of Presence (POPs) throughout
the United States and in Canada, Europe and the Asia-Pacific region.
WorldCom's World Wide Web address is http://www.wcom.com. The common and
depository shares of WorldCom trade on the NASDAQ National Market (US) under
the symbols WCOM and WCOMP, respectively.
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