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November 16, 1993

MFS COMMUNICATIONS HAS AGREEMENT TO AQUIRE MWR FIBERCOM

By CBR Staff Writer

Omaha, Nebraska-based MFS Communications Co Inc has definitive agreement to acquire all operating assets of Midwest Capital Group’s St Louis subsidiary, MWR FiberCom Inc in exchange for a 20% interest in MFS’s Metropolitan Fiber Systems of St Louis Inc; MFS will retain 80% and its MFS Telecom Inc unit will operate the existing 20 route-mile fibre optic network and another 10 route-miles under construction; MFS plans significant continued expansion of the network to around 80 route miles, costing $15m or so.

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