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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): October 9, 1997
WORLDCOM, INC.
(Exact Name of Registrant as Specified in its Charter)
Georgia 0-11258 58-1521612
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification Number)
Incorporation)
515 East Amite Street
Jackson, Mississippi 39201-2702
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (601) 360-8600
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ITEM 5. OTHER EVENTS.
On October 9, 1997, WorldCom, Inc. issued a press release, a copy of
which is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 7 (c) EXHIBITS.
The following exhibits are filed herewith in accordance with Item
601 of Regulation S-K:
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Exhibit No. Description
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<S> <C>
99.1 Press release dated October 9, 1997.
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SIGNATURES
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.
WORLDCOM, INC.
By: /s/Scott D. Sullivan
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Scott D. Sullivan
Chief Financial Officer
October 10, 1997
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EXHIBIT INDEX
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<CAPTION>
Exhibit No. Description of Exhibit
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<S> <C>
99.1 Press release dated October 9, 1997.
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EXHIBIT 99.1
FOR MEDIA: FOR INVESTORS:
Josh Howell, (601) 360-8750 Gary Brandt, (601) 360-8544
Mark Weeks, 011-44-171-570-5700
Joele Frank, Abernathy/MacGregor, (212) 371-5999
FOR IMMEDIATE RELEASE
FCC ESTABLISHES TIMETABLE FOR COMMENT ON
WORLDCOM VOTING TRUST APPLICATION
Jackson, Miss., October 9, 1997 -- WorldCom, Inc. (NASDAQ: WCOM)
announced today that at the request of MCI Communications Corporation (NASDAQ:
MCIC) and British Telecommunications plc (NYSE: BTY), in order to give their
boards of directors more time to consider WorldCom's offer for MCI, the staff
of the Federal Communications Commission ("FCC"), after consultation with
WorldCom, MCI and British Telecom, has extended the timetable for public
comment on WorldCom's application to establish a voting trust.
The FCC has established a timetable for public comment that will begin
three days after the commencement of the WorldCom offer. WorldCom's offer will
commence when its registration statement is declared effective by the
Securities and Exchange Commission, which is anticipated to occur within
approximately the next 30 days. The FCC public notice stated that this action
does not represent and should not be interpreted to imply or suggest any FCC
concern, comment or opinion with respect to any aspect of WorldCom's voting
trust application. The FCC public notice also stated that the FCC will
entertain requests to accelerate this timetable based upon changed
circumstances.
WorldCom said that the revised FCC timetable will not affect the
timing of the WorldCom offer. WorldCom remains confident that the voting trust
will be approved in a timely manner and that the WorldCom offer can be
completed no later than the first quarter of 1998. A voting trust will permit
the WorldCom offer to be consummated prior to receiving final approvals from
the FCC and state Public Utility Commissions.
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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