JACKSON, Miss., January 30, 1998 - WorldCom, Inc. (WCOM) today
announced the merger between WorldCom and Brooks Fiber Properties,
Inc. (BFPT) has been completed and was effective Thursday, January
29 at 11:59 p.m. eastern standard time.
As a result of the merger, each share of Brooks Fiber common
stock was converted into the right to receive 1.85 shares of
WorldCom common stock.
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 difinitive
merger agreement with MCI Communications Corporation to form a new
company called MCI WorldCom. The company expects the merger to
close in mid-1998.
