JACKSON, Miss. (February 21, 1996) --
Under an agreement announced today, WorldCom, Inc. (Nasdaq/NM:WCOM)
will become a major provider of data telecommunications services for
EDS, the global information services company.
The new contract provides for the migration of a large number of
private lines to LDDS WorldCom's national fiber-optic network and
the provisioning of frame relay networks.
"Our long-term agreement with EDS is another important
milestone for LDDS WorldCom," said Bernard J. Ebbers, president
and chief executive officer of WorldCom, Inc. "It represents one
of the largest and most complex networks we have ever supported, and
it underscores our commitment to providing high quality data services
with a focus on the needs of the most sophisticated telecom users in
the world.
"This relationship between LDDS WorldCom and EDS builds upon
the mutually beneficial past association of the companies while also
introducing an exciting new chapter," Ebbers said. "We feel
particularly well suited to play this important role with EDS because
both companies have solid backgrounds in technical innovation,
customized solutions, superior customer service and global
reach."
EDS is a leader in the global information services industry. The
company's more than 85,000 employees specialize in applying a
range of ideas and technologies to help business and government
customers improve their business performance, products, services and
customer relationships. Stock reflecting EDS' performance is
traded on the New York Stock Exchange under the symbol GME. EDS,
which serves customers in 40 countries, reported revenues of $12.4
billion in 1995.
One of the largest long distance telecommunications companies in
the United States, WorldCom, Inc. offers domestic and international
voice, data and video products and services to business customers,
other carriers and the residential market. The company operates a
nationwide digital fiber optic network in the United States and has
worldwide network capacity. The common shares of WorldCom, Inc. trade
on The Nasdaq Stock Market under the symbol WCOM.
