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LCI INTERNATIONAL ANNOUNCES ADDITIONAL COMMON STOCK OFFERING

 McLEAN, Va., Nov. 10 /PRNewswire/ -- LCI International (NASDAQ-NMS: LCII) announced today the filing of a registration statement with the Securities and Exchange Commission covering a proposed primary offering of 1.7 million additional shares of its common stock and a secondary offering of 1.8 million shares by certain existing shareholders.
 Underwriters of the issue are Bear, Stearns & Co. Inc., Merrill Lynch & Co. and The Robinson-Humphrey Company, Inc.
 Net proceeds from the additional shares are estimated at $65 million. Coupled with cash available, the company intends to redeem approximately $100 million of existing senior secured debt, providing significant future financing flexibility.
 Following the proposed transactions, Warburg Pincus Capital Co., L.P., will continue to be LCI's largest shareholder with an approximate ownership of 7.5 million shares or approximately 42 percent of the outstanding common stock on a fully diluted basis. Warburg will sell 1 million of its existing shares in the secondary offering. "Warburg's sale of a small portion of its position will facilitate future pooling of interest transactions for the company and will significantly increase our public float," said H. Brian Thompson, LCI's chairman and chief executive officer.
 A registration statement relating to these securities has been filed with the SEC but has not yet 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 news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state.
 LCI International 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 operations subsidiaries headquartered in Dublin, Ohio.
 -0- 11/10/93
 /CONTACT: LCI Investor Relations Department, 800-861-5244/
 (LCII)


CO: LCI International, Inc. ST: Ohio IN: TLS SU: OFR

AR -- CL021 -- 2922 11/10/93 16:44 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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