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( BW)(TX-IXC-COMMUNICATIONS)(IIXC) IXC Obtains $310 Million Financing

     Business Editors and High-Tech Writers

     AUSTIN, Texas--(BUSINESS WIRE)--Sept. 14, 1999--IXC Communications Inc.
(Nasdaq:IIXC) today announced that it has completed $310 million of financing
through Bank of America N.A. and amended its existing credit facility with the
bank.

     The new facility comprises two secured revolving loans and is intended to
finance IXC through the close of its merger with Cincinnati Bell Inc. The
merger is currently expected to close in the fourth quarter 1999. The facility
provides for prime or LIBOR rate interest options at IXC's election. IXC
expects to use the proceeds for capital expenditures and working capital
requirements. The new facilities will mature at the completion of the merger or
if the merger is terminated. If the merger is not completed by Feb. 28, 2000,
$310 million of the new facilities will mature. Under certain circumstances,
Bank of America may sell the credit facilities to Cincinnati Bell, resulting in
Cincinnati Bell becoming the lender to IXC. In amending its existing
agreement, the covenants under the facility have been adjusted and the total
amount available to IXC has been fixed at $200 million, the amount presently
outstanding. The existing facility will also mature at the completion of the
merger or if the merger is terminated.

     "We are extremely pleased to have completed this credit facility," said
John Zrno, IXC's Chief Executive Officer. "It allows us the financial
flexibility to continue our growth strategy while preparing to merge with
Cincinnati Bell."

     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. 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.

     CONTACT:  IXC Communications Inc., Austin
               Media Contact:
               Melissa Jackson, 512/231-5247
               mjackson@ixc-comm.com
               or
               Investor Contact:
               Greta Wiechman, 888/267-9478
               gwiechman@ixc-comm.com