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To: SteveG who wrote (3903)	2/3/1999 8:28:00 PM
From: Caxton Rhodes	Respond to of 11568

MCI WorldCom Inc (WCOM) An underwater telecommunications cable improving connections between North and South America will come into service on February 5, TELEFONICA S.A. said. The 7,442 kilometre fibre optic cable will link Chile, Peru, Ecuador, Panama, Colombia, Venezuela, Aruba and the United States, and is capable of transmitting 60,000 simultaneous conversations and 2.5 mln bits per second. Its capacity can be increased fourfold without having to modify the existing set-up, Telefonica said. Companies participating in the project include Telefonica subsidiaries, TELECOM ITALIA SPA, FRANCE TELECOM and MCI WORLDCOM INC. (Reuters 11:46 AM ET 02/03/99)

To: SteveG who wrote (3903)	2/3/1999 8:30:00 PM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 11568

MCI WorldCom to offer consumer Internet service NEW YORK, Feb 3 (Reuters) - MCI WorldCom Inc. , the No. 2 U.S. long distance company, said Wednesday it will launch a new Internet access service for consumers. The new service, which will be formally announced this week, will return the company to the consumer Internet market after a four-and-a-half month absence. MCI Communications Corp. was forced to sell its Internet business to gain regulatory approval for its $40 billion acquisition by WorldCom Inc. WorldCom was allowed to keep its UUNet Internet service, which serves businesses. "This week we'll be announcing a brand new offering from MCI WorldCom -- Internet access for all consumers -- featuring fast, reliable, dial-up access to the Internet using the UUNet Internet backbone," according to the prepared text of a speech Tim Price, president of MCI WorldCom's communications division, plans to give at an event sponsored by the Economic Strategies Institute, a Washington-based think tank. MCI WorldCom will initially offer consumers regular, dial- up Internet access and eventually will offer super-fast Internet links over ordinary phone lines using a technique called digital subscriber line (DSL) service, Price's preparedspeech said. Sources familiar with the situation told Reuters about the plans last week. Consumers will be able to buy the Internet service separately or buy a package of services, including Internet access and phone services, these sources said. Additional details were not immediately available. (( Jessica Hall, New York newsroom 212-859-1729, with Aaron Pressman in Washington ))