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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 10, 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 10, 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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99.1 Press release dated October 10, 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 14, 1997
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release dated October 10, 1997.
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[WORLDCOM LETTERHEAD]
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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