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LCI INTERNATIONAL AND TELEDIAL AMERICA OF NORTH CAROLINA, INC. COMPLETE DEFINITIVE AGREEMENT

 McLEAN, Va., Dec. 6 /PRNewswire/ -- LCI International, Inc. (NASDAQ-NMS: LCII) today announced that it has entered into a definitive agreement with Teledial America of North Carolina, Inc., a closely-held reseller of telecommunications services that operates in North Carolina, South Carolina, Georgia and Tennessee.
 The agreement calls for LCI, through its subsidiaries, to acquire substantially all of the assets of Teledial America of North Carolina for a purchase price of approximately $5,500,000 (five million five hundred thousand dollars). Consummation of the transactions contemplated by the agreement is subject to certain terms and conditions, including various regulatory approvals which the parties expect to receive in January 1994.
 According to H. Brian Thompson, chairman of LCI International, "This is an important step in LCI's strategy for expansion and one that places us squarely in the most rapidly growing business region of the United States. The combination of Teledial's business and people with LCI's network, technology and significant marketing strengths is going to create a new, formidable competitive force in that marketplace. We are very excited about the prospects."
 LCI International, Inc. is a publicly held, worldwide, facilities- based telecommunications company that provides to its business and residential customers a full array of voice, data and video transmission services through its fiber optic network. LCI International, Inc., with headquarters in McLean, Va., has its operational subsidiaries based in Dublin, Ohio.
 -0- 12/6/93
 /CONTACT: Ron Kraemer, 614-798-6862, or Jim Fette, 614-798-6272, both of LCI International, Inc./
 (LCII)


CO: LCI International, Inc.; Teledial America of North Carolina, Inc. ST: Ohio, Virginia, North Carolina IN: TLS SU: TNM

KL-BM -- CL006 -- 0672 12/06/93 10:03 EST
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Publication:PR Newswire
Date:Dec 6, 1993
Words:274
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