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Exhibit (a)(1)(M)
FOR IMMEDIATE RELEASE
CONTACTS:
MEDIA: Andy Katell at (212) 453-2217 or Matt Della Croce at (212) 453-2316
INVESTORS: Morrow and Co., Inc. at (800) 566-9061
NTT COMMUNICATIONS EXTENDS VERIO TENDER OFFER
TOKYO, July 14, 2000 -- NTT Communications Corporation today announced that the
expiration date of its tender offer for all outstanding shares of common stock,
par value $.001 per share, all outstanding shares of Series A 6.75% Convertible
Preferred Stock, par value $.001 per share, and certain warrants to purchase
shares of common stock of Verio Inc. (NASDAQ: VRIO) has been extended until
12:00 midnight, New York City time, on Friday, July 28, 2000. The tender
offer had been scheduled to expire at 12:00 midnight, New York City time, on
Friday, July 14, 2000.
NTT Communications has been advised by Norwest Bank Minnesota, N.A., the
Depositary for the tender offer, that as of July 13, 2000, approximately 45.81
million shares of Verio Inc. common stock, approximately 3.03 million shares of
Verio Inc. preferred stock and approximately 1.21 million warrants to purchase
shares of Verio Inc. common stock had been validly tendered and not withdrawn
pursuant to the offer.
NTT Communications and Verio are cooperating with the Committee on Foreign
Investment in the United States (CFIUS) during its ongoing investigation of the
proposed transaction under the Exon-Florio Amendment to the Defense Production
Act of 1950. By law, the CFIUS process cannot extend beyond August 29, 2000. By
the terms of the merger agreement between NTT Communications and Verio, and as
permitted under the Exon-Florio provisions, NTT Communications may elect to
waive the Exon Florio closing condition and proceed with consummation of the
offer prior to completion of the Exon-Florio investigation process. NTT
Communications believes that the proposed transaction will be found to raise no
national security concerns, and, in any event, remains convinced that the Exon-
Florio process will not prevent the parties from closing this transaction.
NTT Communications, a subsidiary of Nippon Telegraph and Telephone Corporation
provides long distance and international telecommunications reaching over 200
countries worldwide. Headquartered in Tokyo, NTT Communications' Arcstar
services operate in about 50 countries and have significant presence in Asia
Pacific, North America and Europe. Arcstar global services provide managed data,
multimedia and Internet services to some of the largest companies in the world.
NTT Communications' investment in its Managed Services, IP Infrastructure and
Internet Portal will meet the growing demand for electronic commerce-based
services from its business customers and home users. NTT Communications, with
the OCN brand, is already one of the largest ISPs in Japan.
For more information about NTT Communications, visit the company's Web site at
http://www.ntt.com/index-e.html.
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