WorldCom to Create Tracking Stocks

One each for WorldCom and MCI

November 1, 2000

1 Min Read

CLINTON, Miss. -- WorldCom, Inc. (NASDAQ: WCOM) today announced a realignment of its businesses with the distinct customer bases they serve. While WorldCom, Inc. will remain the name of the Company it will create two separately traded tracking stocks: WorldCom (NASDAQ: WCOM), which will reflect the performance of the Company's core high-growth data, Internet, hosting and international businesses, and MCI (NASDAQ: MCIT), which will reflect the performance of its high- cash flow consumer, small business, wholesale long-distance voice and dial-up Internet access operations.

"Realigning WorldCom's structure in this way will enable the respective businesses to achieve greater management and resource focus to execute business strategies that work most effectively for each," said Bernard J. Ebbers, WorldCom president and chief executive officer. "At the same time, the new structure is designed to create greater shareholder value by providing shareholders with two distinct, clear and compelling investment opportunities, while ensuring a seamless transition for WorldCom customers and employees."

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