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LCI INTERNATIONAL UNVEILS "FAMILY OF FINANCIAL SERVICES" TO NEW YORK AND CHICAGO BANKING AND INVESTMENT FIRMS

 LCI INTERNATIONAL UNVEILS "FAMILY OF FINANCIAL SERVICES"
 TO NEW YORK AND CHICAGO BANKING AND INVESTMENT FIRMS
 COLUMBUS, Ohio, Feb. 3 /PRNewswire/ -- LCI International, the Columbus-based worldwide telecommunications company (formerly known as LiTel Telecommunications Corporation), today announced its 32 Kbps (kilobits per second) voice-only digital service targeting the financial and brokerage community in New York and Chicago. This is one of many in LCI International's "Family of Financial Services" designed specifically for the financial services industry. LCI International's financial services customers can access two easy-to-use 32 Kbps products.
 The first -- Basic 32K -- can be arranged to access both "Ring Down or Shout Down" applications for stock market communication between New York and Chicago office locations.
 The second offering -- Premium 32K -- has an added feature that provides the customer with automatic protection services to guarantee availability in the event of an outage. If such an event occurs, service will be automatically restored through an automatic protection device monitored through LCI International's Network Control Center located at the company's headquarters in Columbus, Ohio.
 "The addition of the Basic and Premium 32 Kbps voice-only services position LCI International as a full-service provider to the financial community," said Scott Booth, LCI International's manager of Network Services.
 "LCI International's Family of Financial Services offers the financial services industry increased operating efficiency with lower rates, flexibility in network design and unsurpassed service and reliability," said Thomas J. Wynne, LCI International president and chief operating officer. "This LCI International service is a business service that is in great demand with banks now trading securities, brokerage houses taking deposits, insurance companies underwriting corporate financing and investment bankers packaging pension plans. These firms will also enjoy the benefits of lower communication costs and LCI International's network planning expertise for these important voice and data communications."
 LCI International is a worldwide, facilities-based telecommunications company that provides a full line of voice, data and video transmission services to meet both business and residential customer's needs through its state-of-the-art fiber optic network. LCI International Worldwide Telecommunications, with headquarters in Columbus, Ohio, is a privately held company whose majority shareholders include New York-based E.M. Warburg, Pincus & Co., Inc., the largest venture banking firm in the United States, and Primus Venture Partners, Cleveland, one of the largest venture capital firms in the Midwest.
 -0- 2/3/92
 /CONTACT: Jim Fette, 614-433-9272, or Jodi Rohler, 614-433-9369, both of LCI International/ CO: LCI International ST: Ohio IN: TLS SU: PDT


KK -- CL001 -- 5994 02/03/92 08:57 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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