ITC DeltaCom, Inc. Offers 5 Million Shares of Common Stock At $16.50 Per Share in Initial Public Offering.

WEST POINT, Ga.--(BUSINESS WIRE)--Oct. 24, 1997--ITC DeltaCom Inc. (NASDAQ/NMS: ITCD) today announced an initial public offering of 5,000,000 shares of its common stock at a price of $16.50 per share. The offering is being made through an underwriting group managed by Morgan Stanley Dean Witter, Merrill Lynch & Co., J.C. Bradford & Co., and Wheat First Butcher Singer.

ITC DeltaCom Inc., headquartered in West Point, Ga., provides integrated telecommunications services to mid-sized and major regional businesses in the southern United States, and is a leading regional provider of wholesale long-haul services to other communications companies. The company's business communication services include local exchange service, long distance, enhanced data, Internet, and operator services, and the sale and maintenance of customer premise equipment. The company operates 14 retail sales offices in six states, and its 10-state, 6,000 mile fiber optic network reaches over 60 points of presence. The company has an interconnection agreement with BellSouth Corporation for resale and access to unbundled network elements, and is a certified Competitive Local Exchange Carrier (CLEC) in all nine BellSouth states.

Net proceeds from the sale of Common Stock will be used primarily to fund market expansion, the on-going development and construction of the company's fiber optic network, local services network, and product development.

Copies of the Final Prospectus may be obtained from the offices of Morgan Stanley & Co., Incorporated, 1585 Broadway, New York, NY 10036.

CONTACT: ITC DeltaCom Inc., West Point

Doug Shumate, 706/645-8189