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To: VFD who wrote (4495)	5/19/1999 9:47:00 AM
From: VFD	Read Replies (1) \| Respond to of 11568

Wednesday May 19, 8:31 am Eastern Time Company Press Release SOURCE: MCI WorldCom Nortel Networks Expands Relationship With MCI WorldCom Multi-Million Dollar Contract Extension Includes Local, Data and Internet Services JACKSON, Miss., May 19 /PRNewswire/ -- MCI WorldCom (Nasdaq: WCOM - news) today announced a multi-million dollar communications services contract extension with Nortel Networks (NYSE: NT; TSE), a global leader in telephony and IP- based data, wireline and wireless networking. ''MCI WorldCom has a proven track record of successfully supporting our voice and data requirements,'' said Keith Powell, chief information officer, Nortel Networks. Their leading edge technology, world class support, and competitive rates will continue to play a critical role in our network growth.'' Under the terms of the contract, MCI WorldCom will supply Nortel Networks with Virtual Private Network Services in the U.S. and globally, calling card, toll free, audio and video conferencing, local, Internet and access services. In addition, MCI WorldCom will provide Nortel Networks with high-speed connectivity to their remote offices through data and private line services. ''As one of Nortel Network's primary communications services providers, we are excited about our thriving relationship with such an industry pioneer and leader,'' said Bob Hartnett, president, MCI WorldCom Global Accounts. Nortel Networks works with customers worldwide to design, build, and deliver telephony and IP-optimized networks. Customers include public and private enterprises and institutions; Internet service providers; local, long- distance, cellular and PCS communications companies; cable television carriers; and utilities. Nortel Networks' common shares are listed on the New York, Toronto, Montreal, Vancouver, and London stock exchanges. Nortel Networks had 1998 revenues of US$17.6 billion and has approximately 75,000 employees worldwide. MCI WorldCom is a global leader in communications services with 1998 revenues of more than $30 billion and established operations in over 65 countries encompassing the Americas, Europe and the Asia-Pacific regions. MCI WorldCom is a premier provider of facilities-based and fully integrated local, long distance, international and Internet services. MCI WorldCom's global networks, including its state-of-the-art pan-European network and transoceanic cable systems, provide end-to-end high-capacity connectivity to more than 40,000 buildings worldwide. MCI WorldCom is traded on Nasdaq under WCOM. For more information on MCI WorldCom, visit the World Wide Web at wcom.com. SOURCE: MCI WorldCom