WorldCom, Inc. Announces Completion Of Tender Offers And Consent Solicitations

Worldcom,
Inc. Announces Completion Of Tender Offers And Consent
Solicitations

JACKSON, Miss., March 27

-- WorldCom, Inc. announced today that it has successfully
completed its concurrent Tender Offers and Consent Solicitations,
pursuant to which it has accepted all Brooks Fiber Properties, Inc.
(BFP) notes validly tendered.

As of the expiration of the offers at 11:59 p.m.,
New York City time, March 26, 1998, WorldCom had received valid
tenders and consents from holders of approximately $424.9 million of
principal amount at stated maturity of 10f% Senior Discount Notes due
2006 of BFP (or approximately 99.96% of total outstanding), from
holders of $400.0 million of principal amount at stated maturity of
11f% Senior Discount Notes due 2006 of BFP (or 100% of total
outstanding), and from holders of approximately $241.0 million of
principal amount at stated maturity of 10% Senior Notes due 2007 of
BFP (or approximately 96.4% of total outstanding).

As previously announced, WorldCom offered to pay
each registered holder of the Notes who validly tendered notes
pursuant to the tender offers prior to or on Thursday, March 26,
1998, in the case of the 10 7/8% Senior Discount Notes, 118.586% of
their accreted value as of the expiration date of the tender offer
for such notes, in the case of the 11 7/8% Senior Discount Notes,
127.104% of their accreted value as of the expiration date of the
tender offer for such notes, and in the case of the 10% Senior Notes,
117.615% of their principal amount plus accrued interest to the
purchase date. Concurrently with the tender offers, WorldCom
solicited consents from each registered holder of record as of March
5, 1998 of the three series of BFP notes to eliminate certain
restrictive covenants and amend certain other provisions of the
respective indentures of the BFP notes. The tender offers and consent
solicitations were made upon the terms and subject to the conditions
set forth in the statement and letter of transmittal related to the
tender offers and consent solicitations.

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 depositary shares of WorldCom
trade on the Nasdaq National Market (U.S.) under the symbol WCOM and
WCOMP, respectively. On November 10, 1997, WorldCom announced a
definitive agreement with MCI Communications Corporation to form a
new company called MCI WorldCom. The company expects the merger to
close in mid-1998.