ALLEGIANCE TELECOM FILES REGISTRATION STATEMENTS FOR INITIAL PUBLIC OFFERING OF COMMON STOCK AND AN OFFERING OF SENIOR DISCOUNT NOTES DUE 2008
DALLAS, TX, May 26, 1998 -- Allegiance Telecom, Inc. announced that late last Friday it filed a registration statement with the Securities and Exchange Commission relating to an initial public offering of its common stock and a registration statement relating to an offering of its senior discount notes due 2008. The offerings will be made through Morgan Stanley Dean Witter, Salomon Smith Barney, Donaldson, Lufkin & Jenrette Securities Corporation, Goldman Sachs & Co. and UBS Securities.
Allegiance Telecom is a competitive local exchange carrier headquartered in Dallas, Texas. The Company provides businesses with a complete package of telecommunications services, including local, long distance, international calling, high-speed data transmission and Internet services. Allegiance is targeting 24 major metropolitan areas with its "one-stop shopping" approach.
Registration statements relating to these securities have been filed with the Securities and Exchange Commission but have not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statements become 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 registration or qualification under the securities laws of any such State. The offerings may be made only by a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933. Copies of the prospectuses relating to the offerings are expected to be available at a future date from Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036 (telephone: 212-761-4000) and Salomon Smith Barney, Seven World Trade Center, New York, NY 10048 (telephone: 212-783-7000).
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