Bloomberg's report of the news:
MCI WorldCom Wins U.S. Defense Contract Worth Up to $1.5 Bln
Bloomberg News
February 8, 1999, 3:28 p.m. ET
MCI WorldCom Wins U.S. Defense Contract Worth Up to $1.5 Bln
McLean, Virginia, Feb.8 (Bloomberg) -- MCI WorldCom Inc.,
the No. 2 U.S. long-distance company, said it won a contract
worth as much as $1.5 billion from the U.S. Defense Department to
provide telecommunications services.
The company said it will offer a range of services through
the Army and Air Force Exchange Services for up to 10 years,
including 16,000 pay phones worldwide, phone centers, Internet-
access terminals, residential service and prepaid calling cards
to U.S. soldiers and airmen.
The latest contract comes less than a month after Jackson,
Mississippi-based MCI WorldCom won the second of two contracts to
provide federal government agencies with at least $750 million
worth of phone services over four years.
MCI WorldCom already provides communications-management
services to the Defense Department and telecommunications
services to the Marine Corps at bases in Japan.
MCI WorldCom rose 1 15/16 to 78 3/16 in late trading.
--Shobhana Chandra in the Princeton newsroom (609) 279-4039 /jjs
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