Excel Communications Completes Acquisition of Telco Communications; Acquisition Establishes a Facilities-Based Network for Excel Traffic.DALLAS--(BUSINESS WIRE)--Oct. 14, 1997--Excel Communications, Inc. (NYSE NYSE See: New York Stock Exchange :ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute ) today announced that its acquisition of Telco Communications Group, Inc. (Nasdaq:TCGX) is complete. On Oct. 11, 1997, shareholders from both companies approved the $1.2 billion merger, creating the fifth largest facilities-based long distance provider in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Excel announced its plan to acquire Telco in June 1997. Dallas-based Excel Communications Excel Communications was founded in 1988 by Dallas entrepreneur Kenny Troutt as a long distance reseller in the US telecom sector at the birth of telecom deregulation. , Inc. is the fifth largest long distance company in the United States. The Company offers its subscribers a variety of communications products and services which include residential service, commercial service, paging service, dial-around service and calling cards. Excel services are marketed exclusively through a nationwide network of Independent Representatives. Telco markets its residential products and services through Dial and Save(SM) and Long Distance Wholesale Club(SM) programs and markets its commercial products and services through 450 sales representatives located in 31 regional offices in 16 states. Excel has more than 3,000 employees who support the corporate, network management, billing, teleservices and marketing functions of the Company. CONTACT: Excel Communications, Inc., Dallas Kenneth Kracmer, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , 214/863-8400 or Mary Bell, Investor Relations Investor relations The process by which the corporation communicates with its investors. , 214/863-8730 |
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