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MFS COMMUNICATIONS COMPANY, INC. ANNOUNCES SENIOR DISCOUNT NOTE FILING

 OMAHA, Neb., Dec. 6 /PRNewswire/ -- MFS Communications Company, Inc. (NASDAQ-NMS: MFST) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the issuance of senior discount notes due 2004. Proceeds of this offering, which are anticipated to be approximately $400 million, will be used to fund the continuing growth and expansion of the company's existing fiber optic networks and services and the development of new networks and services, which may also involve related acquisitions. MFS anticipates that the proposed sale of the senior discount notes will commence in January. Salomon Brothers Inc, Bear, Stearns & Co. Inc., BT Securities Corporation and J.P. Morgan Securities Inc. will manage the underwriting of the securities to the public.
 The completion of this offering will enable MFS to pursue implementation of its plan to expand to more than 60 additional cities (including a number of international markets) over the next five years. MFS believes that the proceeds from this offering, along with cash on hand, are sufficient to fund substantially all of its existing capital commitments, as well as MFS' anticipated capital spending, operating losses and other working capital needs under its current plan.
 MFS is the largest provider of competitive access telecommunications services in the United States. As an integrated telecommunications company, MFS provides a wide range of high quality voice, data and other enhanced services and systems specifically designed to meet the requirements of business and government users. MFS' telecommunications services are provided primarily over its digital fiber optic networks, which employ advanced, fault-tolerant electronics and dual path architectures to ensure reliable and secure telecommunications.
 MFS operates in two business segments:
 -- The Telecommunications Services Segment:
 - MFS Telecom, Inc. provides businesses and government
 users with highly reliable dedicated circuits for use in
 serving their critical communications needs. These
 circuits are provided over state-of-the-art digital fiber
 optic networks.
 - MFS Datanet, Inc. provides high-speed data communications
 services, which allow connections of Local Area Networks
 (LANs) across town or across the nation at the same speed
 at which the LANs operate.
 - MFS Intelenet, Inc. provides a single source of
 integrated telecommunications services for small and
 medium-sized businesses, including local and long-
 distance services and facilities management.
 - MFS Communications Limited is a new subsidiary formed to
 extend MFS' business communications services to
 international financial centers.
 -- Network Systems Integration and Facilities Management Services
 Segment:
 - MFS Network Technologies, Inc. provides network systems
 integration services for MFS and others who wish to
 deploy sophisticated communications networks.
 A registration statement relating to the securities has been filed with the Securities and Exchange Commission, but has yet to become effective. The securities may not be sold nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any state in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 12/6/93
 /CONTACT: Josh Howell or Steve Ingish of MFS Communications, 708-218-7316/
 (MFST)


CO: MFS Communications Company, Inc. ST: Nebraska IN: TLS SU: OFR

CK -- NY108 -- 1012 12/06/93 18:11 EST
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Publication:PR Newswire
Date:Dec 6, 1993
Words:544
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