Date: Fri, 19 Dec 1997 01:41:02 GMT Server: Apache/1.2.0 Connection: close Content-Type: text/html TCG Headlines

December 10, 1997

TCG Celebrates a Decade of Holiday Calls

    Staten Island, NY -- Teleport Communications Group Inc. (TCG//NASDAQ: TCGI) this year, as it has since 1988, will open its doors this Thursday to senior citizens in 30 cities throughout 21 states as part of its annual Holiday Calls program, which provides senior citizens with the opportunity to rekindle family ties and old friendships through free phone calls to any place on the globe.

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December 9, 1997

TCG CERFnet Unveils Turnkey Enterprise- Quality VPN Services

Simplifies Secure Remote Access for Intranets and Extranets With 99.8 Percent Network Availability, Scalability

    NEW YORK--(BUSINESS WIRE)--Dec. 9, 1997-- TCG CERFnet, one of the industry's most experienced providers of IP network services, announced today its new Enterprise-Quality VPN Services -- a complete family of turnkey solutions for dedicated and remote access to intranets and extranets, as well as frame- and ATM-based IP networks -- that provide unprecedented flexibility and scalability.

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December 8, 1997

TCG CERFnet Rolls Out Integrated Internet and Enhanced Data Services Over a Single Network Connection

Bundled Services Provide Added Value, Simplified Management at a Lower Cost

    NEW YORK--(BUSINESS WIRE)--Dec. 8, 1997--Teleport Communications Group (NASDAQ:TCGI - news), the largest Competitive Local Exchange Carrier (CLEC) in the United States, today announced the availability of integrated Internet and Enhanced Data services over a single network connection from TCG CERFnet, its Internet Services business unit. With the bundled services, TCG CERFnet offers all of the benefits associated with reliable, technically advanced Internet and Data services at significant savings compared to its price for separate installations.

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December 2, 1997

TCG to Acquire the Assets of Kansas City Fiber Network, L.P.

For Immediate Release:

    Dayton, N.J.- Teleport Communications Group Inc. (Nasdaq/NM:TCGI) announced today that it will acquire the assets and customer base of Kansas City Fiber Network, L.P. (KC FiberNet), a leading competitive local exchange carrier in the Kansas City metropolitan area owned by Tele-Communications Inc. (“TCI”) and Time Warner Communications.

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November 26, 1997

Teleport Communications Group (TCG) to Acquire ACC Corp.

    New York, NY --- Teleport Communications Group Inc. (Nasdaq/NM: TCGI), the largest Competitive Local Exchange Carrier (CLEC) in the United States, announced today that it had reached a definitive agreement to acquire ACC Corp. (Nasdaq/NM: ACCC), a provider of competitive telecommunications services in the United States, Canada and western Europe, in a stock-for-stock merger.

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November 19, 1997

TCG Expands Milwaukee Network To Waukesha, Adds MCHugh Software International as First Customer

    Milwaukee, WI -- Teleport Communications Group Inc. (TCG/NASDAQ:TCGI)) today announced the expansion of its Milwaukee-area fiber optic network to include Waukesha -- one of the region's fastest growing suburban areas -- and the "turning up" of McHugh Software International Inc., as its first customer on this new western extension of its network.

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November 7, 1997

Teleport Communications Group ("TCG") Completes Common Stock Offering

    Dayton, NJ -- Teleport Communications Group Inc. (Nasdaq/NM: TCGI) has announced the completion of an equity offering of 15 million shares of Class A Common Stock.

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November 4, 1997

TCG Releases Model Performance Parity Measures White Paper

    NEW YORK --Teleport Communications Group Inc. (TCG//NASDAQ: TCGI) released Model Performance Parity Measures, the 22nd in its series of White Papers. In this paper, TCG proposes 38 performance parity measures for which incumbent local exchange carriers should be required to provide comparative data to demonstrate their compliance with the performance parity principles set forth in the Telecommunications Act of 1996.

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October 30, 1997

TCG Completes Acquistion of Biztel Communications Which has 38 Ghz Licenses for More Then 200 Markets Nationwide

    New York, NY - Teleport Communications Group Inc. (TCG/TCGI: NASDAQ) today announced that it has completed the acquisition of BizTel Communications, Inc. which holds Federal Communications Commission (FCC) licenses to provide 38 GHz broadband, point-to-point wireless links in more than 200 markets nationwide, including 95 of the nation's largest 100 markets.

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October 29, 1997

TCG Reported 3rd Quarter 1997 Results: Delivering a Record 81% Growth Rate for Revenues at $131.4 Million.

    Dayton, N.J. -Teleport Communications Group Inc (Nasdaq/NM:TCGI) reported revenues for the third quarter ended September 30, 1997 of $131.4 million, a record growth rate of 81% compared to the same period in 1996. Third quarter 1997 EBITDA (earnings before interest, taxes, depreciation, amortization, minority interest and equity in losses of unconsolidated affiliates) was $11.8 million, an increase of 281% from the third quarter 1996. EBITDA margin was 9.0% of revenues, which was more than double the 4.3% for the same period in 1996.

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October 23, 1997

Harvard University Latest to Use Teleport Communications Group Pay Phones

    Boston, MA -- Teleport Communications Group Inc. (TCG/NASDAQ:TCGI), which already serves various locations around the country, including several airports, today announced that it has entered into a five-year contract with Harvard University to provide 220 public pay phone stations throughout its campus. TCG-provided pay phone service was installed on the campus in September.

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