Combined Company To Offer Competitive Choices For Both Local
and Long Distance Service
Jackson, Miss., October 3, 1997 -- WorldCom, Inc. (NASDAQ: WCOM)
today confirmed that it intends to continue to serve all of MCI's
customers -- residential and business, long distance and local, once
the merger is complete. WorldCom will not abandon MCI's residential
long distance customers.
Through continued investment in new local networks, WorldCom
will be the first true facilities-based alternative provider to deliver
meaningful choice and competitive prices. The combined company will
offer tens of millions of residential and business customers the full
range of communications services, beginning in nearly 100 markets
nationwide.
With MCI's expertise and broad customer base, WorldCom and
MCI will have the scale, scope and state-of-the-art network to better
serve all customers by offering competitive pricing and innovative
products.
Combined, the two companies will accelerate competition for both
residential and business customers -- especially in local markets -- by
creating a company with the capital, marketing abilities and
state-of-the-art network to compete more effectively against the
incumbent network carriers, domestically and abroad.
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.
