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MFS COMMUNICATIONS COMPANY, INC. PUBLIC OFFERING CLOSES; 12.6 MILLION SHARES SOLD

 OMAHA, Neb., May 26 /PRNewswire/ -- MFS Communications Company, Inc. (NASDAQ-NMS: MFST) (MFS) today announced the successful completion of its initial public offering of 12,650,000 shares of common stock at a price of $20 per share. Net proceeds from the offering will be used by the company for the expansion of its existing networks and services as well as the development of new networks and services.
 The common stock began trading on the NASDAQ National Market System on May 20, 1993, under the symbol MFST. The U.S. offering has been managed by Salomon Brothers Inc and Bear, Stearns & Co. Inc. The international offering has been managed by Salomon Brothers International Limited and Bear, Stearns International Limited.
 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.
 MFS operates subsidiaries in two business segments:
 -- Telecommunications services are provided by MFS Telecom, Inc.,
 the nation's largest Competitive Access Provider; MFS Datanet,
 Inc., which develops and markets advanced data communications
 services and MFS Intelenet, Inc., which will respond to demand by
 small and medium sized businesses for single source
 telecommunications services.
 -- Network systems integration and facilities management services
 are provided through MFS Network Technologies, Inc.
 Metropolitan areas served by MFS networks include: Atlanta, Baltimore, Boston, Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York City, Northern New Jersey, Philadelphia, Pittsburgh, San Francisco and Washington, D.C.
 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- 5/26/93
 /CONTACT: Steve Ingish, 708-218-7316, or Claire Fennell, 708-218-7232, both of MFS Communications Company/
 (MFST)


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

TM -- NY063 -- 2586 05/26/93 16:12 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 26, 1993
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