IXC Expands IP and Internet Service Offerings Through Acquisition of Network Evolutions, Inc.AUSTIN, Texas--(BUSINESS WIRE)--April 8, 1998--IXC Communications, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IIXC) today announced the acquisition of Network Evolutions, Inc. (NEI NEI National Eye Institute (NIH) NEI Nuclear Energy Institute NEI National Emission Inventory NEI Not Enough Information NEI Netherlands East Indies NEI Nuevos Estados Independientes ), a premier technology consulting and services company that specializes in enterprise wide IP internetworking and network management. NEI's internal strategic planning and technical expertise, provides IXC (1) (IntereXchange Carrier) An organization that provides interstate (long distance) communications services within the U.S., which includes AT&T, MCI, Sprint and more than 700 others. See LATA. (2) (IXC Communications Inc., Austin, TX, www. added momentum in implementing its nationwide IP and Internet business strategy. The acquisition also enhances IXC's service offerings with a suite of technical services in the IP internetworking and enterprise-wide network management arena. NEI's services and management team provide IXC with immediate technical expertise, and complement IXC's nationwide fiber optic network infrastructure as IXC moves toward providing technical services along with its existing core product line of private line and switched services. "This agreement catapults IXC into large-scale voice, video, and data network design and network integration projects," said Ben Scott, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IXC. "NEI's technical services coupled with IXC's advanced network infrastructure provides an entirely new service and revenue potential for both companies." NEI provides network design, implementation and network management services for large-scale network infrastructure clients including manufacturers, health care providers, Internet Service Providers, telecommunications companies, and state and federal governments. NEI provides technology consulting and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for a number of customers including The Kellogg Company, the State of Tennessee, the State of Alabama, United States Information Agency The United States Information Agency (USIA), which existed from 1953 to 1999, was a United States agency devoted to public diplomacy. Mission The USIA's mission was to understand, inform and influence foreign publics in promotion of the national interest, to broaden and EUnet. IXC Communications, Inc. is one of the United States' largest and fastest growing U.S. suppliers of network-based information delivery solutions for the global communications market. The company owns and operates one of the newest nationwide digital networks and makes network capacity available to local telephone companies, national and regional long-distance carriers, cable and utility companies, and Internet Service Providers. IXC offerings include private line, broadband, and switched and dedicated inbound and outbound calling products, and calling card and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. services. IXC is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. listed on Nasdaq under the symbol IIXC. IXC's Web site is located at www.ixc-comm.com. CONTACT: IXC Communications James F. Guthrie, 512/427-3731 (Investor Contact) jguthrie@ixc-comm.com or Melissa Jackson, 512/231-5247 (Media Contact) mjackson@ixc-comm.com |
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