-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PaSzeMm51PVTS/CkBe5ZyH010pqhnieDvQ87uCoULPziQdwPpUohNOGpgsxEetZv Yp5u4jhC7Le9kaIjoQ8xMw== 0000892569-99-001468.txt : 19990518 0000892569-99-001468.hdr.sgml : 19990518 ACCESSION NUMBER: 0000892569-99-001468 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990510 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IXC COMMUNICATIONS INC CENTRAL INDEX KEY: 0001009532 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 752644120 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20803 FILM NUMBER: 99627009 BUSINESS ADDRESS: STREET 1: 1122 CAPITAL OF TEXAS HGWY S STREET 2: STE 200 CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5123281112 MAIL ADDRESS: STREET 1: 5000 PLAZA ON THE LAKE STREET 2: SUITE 200 CITY: AUSTIN STATE: TX ZIP: 79746-1050 8-K 1 FORM 8-K DATED 5/10/99. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 10, 1999 ------------------------------- IXC Communications, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-20803 74-2644120 - -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 1122 Capital of Texas Highway South, Austin, Texas 78746 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (512) 328-1112 ---------------------------- Not applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS. On May 10, 1999, IXC Communications, Inc. completed its acquisition of all of the membership interests in the limited liability companies which operate as the Coastal Telephone Company. Attached as Exhibit 99.1 is the press release issued by IXC dated May 10, 1999 which is incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS 99.1 Press release dated May 10, 1999 2. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 17, 1999 IXC Communications, Inc. By: /s/ Jeffrey C. Smith ------------------------------ Jeffrey C. Smith, Senior Vice President, General Counsel and Secretary 3. 4 EXHIBIT INDEX Exhibit Number Description - ------ ----------- 99.1 Press release dated May 10, 1999 4. EX-99.1 2 PRESS RELEASE DATED 5/10/99 1 EXHIBIT 99.1 [IXC LOGO] NEWS RELEASE - -------------------------------------------------------------------------------- IXC AUGMENTS RETAIL BUSINESS WITH COMPLETED ACQUISITION OF COASTAL TELEPHONE Combined synergies will increase sales to small and mid-sized businesses through high margin solutions to growing market for new data and Internet services AUSTIN, TX - May 10, 1999 - IXC Communications, Inc. (Nasdaq: IIXC) today announced the expansion of its business-to-business division, Eclipse Telecommunications, with the completed acquisition of Coastal Telephone Company. Originally announced in January, the transaction is valued at approximately $100 million. The acquisition, made under the purchase method of accounting, allows IXC to sell its broader product line to Coastal's base of more than 100,000 small business customers. In addition, the acquisition complements and leverages each sales force's key strength -- Eclipse's direct sales force in the middle market for business customers and Coastal's inside sales team in the small business arena. A privately held long distance reseller based in Houston, Coastal has annualized revenues approaching $90 million and positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization). "We are implementing IXC's strategy to better serve the burgeoning small and medium-sized business markets," said Benjamin L. Scott, IXC's chairman and CEO. "In the process, the margins on Coastal's current traffic will improve by utilizing IXC's extensive fiber optic network, and Eclipse overall will see a lower cost per sale with a more efficient sales model." Wholly owned by IXC, Eclipse offers a full range of voice, data, and Internet services through 20 sales and branch locations around the country. It offers a unique suite of advanced products and services such as integrated access; flexible, customized billing to support business needs; simple, easy-to-understand pricing and contracts; and the quality and reliability of IXC's state-of-the-art fiber network. More information about Eclipse is available at www.eclipsetel.com. IXC's network-based delivery solutions are designed to address the speed and capacity requirements of the global communications market. IXC offerings include private line, fast packet (ATM and frame relay), Internet and long distance switched and dedicated services. IXC Communications Inc. is at the forefront of the industry's new class of emerging domestic and international carriers that include Qwest and Level 3. IXC is a publicly traded company listed on Nasdaq under the symbol IIXC. For more information, visit IXC's Web site at www.ixc-comm.com. - more - 2 Certain of the above statements set forth management's expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements due to unavoidable construction delays, increases in expenses, and other factors. Additional information on factors that may affect the business and financial results of IXC can be found in IXC's filing with the Securities and Exchange Commission. # # # Media Contact: Investor Contact: Melissa Jackson Greta Wiechman Senior Manager, Public Relations Director, Investor Relations (512) 231-5247 (888) 267-9478 mjackson@ixc-comm.com gwiechman@ixc-comm.com Gerard Sandoval Account Manager Copithorne & Bellows (770) 392-8629 gerard.sandoval@cbpr.com -----END PRIVACY-ENHANCED MESSAGE-----