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MFS COMMUNICATIONS COMPANY, INC. ANNOUNCES INITIAL PUBLIC OFFERING; TRADING BEGINS TODAY ON NASDAQ NATIONAL MARKET SYSTEM UNDER SYMBOL MFST

 OMAHA, Neb., May 20 /PRNewswire/ -- MFS Communications Company, Inc. (MFS) announced today its initial public offering of 11,000,000 shares of common stock at a price of $20.00 per share. The underwriters have been granted an option, exercisable for a 30 day period, to purchase up to 1,650,000 additional shares of common stock.
 The common stock will be quoted on the NASDAQ National Market System and will be traded under the symbol MFST. The U.S. offering is being managed by Salomon Brothers Inc and Bear, Stearns & Co. Inc. The international offering is being managed by Salomon Brothers International Limited and Bear, Stearns International Limited.
 MFS will use substantially all of the net proceeds of the offering for the expansion of its existing networks and services and the development of new networks and services.
 MFS is the largest provider of local competitive access telecommunication services in the United States. The company provides a wide range of high-quality voice, data and other enhanced services and systems specifically designed to meet the requirements of communications-intensive business and government end users.
 This communication 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 registration or qualification under the securities laws of any such state.
 -0- 5/20/93
 /CONTACT: Terry Ferguson, 402-271-2892, for MFS Communications/
 (MFST)


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

CK -- NY070 -- 0783 05/20/93 12:53 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 20, 1993
Words:266
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