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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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240.14a-12
MCI COMMUNICATIONS CORPORATION
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(Name of Registrant as Specified In Its Charter)
WORLDCOM, INC.
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[WORLD COM LOGO]
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 GTE PROPOSAL TO ACQUIRE MCI
Jackson, Miss., October 15, 1997 -- WorldCom, Inc. (NASDAQ: WCOM)
today issued the following statement in response to the proposal from GTE
Corporation (NYSE:GTE) to acquire MCI Communications Corporation
(NASDAQ:MCIC).
"Our $41.50 offer provides superior near-term and long-term value for MCI
shareholders. The financial benefits and powerful synergies of our offer
are compelling for the stockholders of MCI and WorldCom. WorldCom and MCI
have more compatible cultures than GTE and share a common entrepreneurial
spirit, enabling WorldCom-MCI to compete more effectively. We believe
together we can create a more exciting future for the management,
employees and customers of MCI as we form the preeminent communications
company for the next decade and beyond."
On October 1, WorldCom offered to acquire all of the outstanding shares
of MCI for $41.50 of WorldCom common stock per MCI share. 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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