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Technology Stocks : Intermedia Communications ICIX -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (130)	5/19/1998 10:25:00 AM
From: MangoBoy	Respond to of 313

[Intermedia to Provide National Data Networking Services for Ameritech] TAMPA, Fla.--(BUSINESS WIRE)--May 19, 1998--Intermedia Communications Inc. (NASDAQ:ICIX) today announced a two-part agreement with Ameritech for the mutual provisioning of national data services. First, Intermedia and Ameritech have established a teaming agreement which will enable them to offer jointly provided services to customers on a nationwide basis. Second, Intermedia will be Ameritech's vendor of choice for certain out-of-region interLATA frame relay and ATM services. "Businesses require the national data networking capabilities that Intermedia provides," said David C. Ruberg, Intermedia's president, chairman, and chief executive officer. "We have designed and built the country's largest open network to enable Ameritech to seamlessly extend its data services outside its operating region." Both Ameritech's and Intermedia's networks are based on the Ascend data switch platform. This is a critical element of Ameritech's end-to-end service offering. "This teaming agreement builds upon our joint support to meet our customers' needs," added James F. Geiger, Intermedia's senior vice president of Sales and Marketing. "Over the past few years, we established multiple network interconnection points with Ameritech in order to serve national customers. With Intermedia acting as the provider of its interLATA frame relay and ATM services, Ameritech will be able to offer a single point of contact for customer service and a single monthly bill. While Ameritech and their customers benefit from this new simplicity, we gain the revenues that accompany increased traffic on our industry-leading network." Through this teaming agreement, Intermedia will benefit from significant sales opportunities in Ameritech's five-state region, which includes Illinois, Michigan, Wisconsin, Ohio, and Indiana. The agreement will also increase terminating traffic on Intermedia's network and increase Ameritech's ability to support its customers' needs nationally. In addition, Ameritech will be licensed to use ViewSPAN(sm), Intermedia's advanced network monitoring and service platform, in their network operations centers. ViewSPAN(sm) provides Intermedia and its partners with end-to-end network performance monitoring in real time.

To: Dave who wrote (130)	5/19/1998 10:26:00 AM
From: MangoBoy	Read Replies (2) \| Respond to of 313

[Intermedia Announces Commencement of Private Offering] TAMPA, Fla.--(BUSINESS WIRE)--May 19, 1998--Intermedia Communications Inc. (NASDAQ:ICIX) today announced the commencement of a private offering of $350 million of its Senior Notes due 2008 pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended. The net proceeds from the offering of the Senior Notes will be used to fund up to 80% of the cost of acquisition or construction by the Company of telecommunications-related assets. A portion of the Company's expansion may occur through acquisitions (utilizing cash or securities of the Company) as an alternative to direct investments in the assets required to implement the expansion. The Senior Notes to be sold in the offerings will not be and have not been registered under the Securities Act or any state securities or blue sky laws, and may not be offered or sold in the United States or in any state thereof absent registration or an applicable exemption from the registration requirements of such laws.