MCI Agrees To Management Buyout Of Proceda

ASHBURN, Va., December 3, 2004 - MCI (NASDAQ: MCIP) today announced it has reached an agreement to sell Proceda, its non-core IT outsourcing business in Brazil, in a management buyout transaction. Under the terms of the agreement, which is immediately effective, MCI is selling all of its shares in Proceda to the company's management and its partner Votorantim Novos Negocios for $3 million cash and the assumption of approximately $10 million in debt. About MCI
MCI, Inc. (NASDAQ: MCIP) is a leading global communications provider, delivering innovative, cost-effective, advanced communications connectivity to businesses, governments and consumers. With the industry's most expansive global IP backbone, based on the number of company-owned points of presence, and wholly-owned data networks, MCI develops the converged communications products and services that are the foundation for commerce and communications in today's market. For more information, go to www.mci.com.