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                                                     FILED BY WORLD ACCESS, INC.
                                                     COMMISSION FILE NO. 0-29782
                           PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933
                                        AND DEEMED FILED PURSUANT TO RULE 14A-12
                                          OF THE SECURITIES EXCHANGE ACT OF 1934

                                                  SUBJECT COMPANIES: TELDAFAX AG

                  WORLD ACCESS REPORTS RESULTS OF TELDAFAX TENDER PROCESS

Atlanta, Georgia - February 15, 2001 - WORLD ACCESS, INC. (NASDAQ: WAXS)
announced today that it has received official notice that the results of the
tender offer to purchase the outstanding shares of TelDaFax not already owned or
under contract give the Company a potential ownership stake of 89%. However, the
exchange of World Access shares for the TelDaFax tendered shares is dependent on
completion of the listing requirements for the Frankfurt Stock Exchange, and
compliance with any disclosure or solicitation requirements imposed by the SEC
or German law as a consequence of the Company's announcement today regarding
fourth quarter results and liquidity. The Company will release additional
information regarding the TelDaFax share exchange after consultation with the
relevant authorities and the Company's advisors.

About World Access

World Access is focused on being a leading provider of bundled voice, data and
Internet services to small- to medium-sized business customers located
throughout Europe. In order to accelerate its progress toward a leadership
position in Europe, World Access is acting as a consolidator for the highly
fragmented retail telecom services market, with the objective of amassing a
substantial and fully integrated business customer base. To date, the Company
has acquired several strategic assets, including Facilicom International, which
operates a Pan-European long distance network and carries traffic for
approximately 200 carrier customers, NETnet, with retail sales operations in 9
European countries, and WorldxChange, with over 750,000 retail accounts in the
US and Europe. World Access, branding as NETnet, offers services throughout
Europe, including long distance, internet access and mobile services. The
Company provides end-to-end international communication services over an
advanced asynchronous transfer mode internal network that includes gateway and
tandem switches, an extensive fiber network encompassing tens of millions of
circuit miles and satellite facilities. For additional information regarding
World Access, please refer to the Company's website at www.waxs.com.

This press release may contain financial projections or other forward-looking
statements made pursuant to the safe harbor provisions of the Securities Reform
Act of 1995. Such statements involve risks and uncertainties which may cause
actual results to differ materially. These risks include: inability to obtain
adequate financing or financing on terms acceptable or favorable to the Company;
inability to restructure existing debt obligations; potential inability to
identify, complete and integrate acquisitions; difficulties in expanding into
new business activities; delays in new service offerings; the potential
termination of certain service agreements or the inability to enter into
additional service agreements; and other risks described in the Company's SEC
filings, including the Company's Annual Report on Form 10-K for the year ended
December 31, 1999, as amended, the Company's Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2000 and June 30, 2000, as amended, the Company's
Quarterly Report on Form 10-Q for the quarter ended September 30, 2000, and the
Company's Registration Statements on Forms S-3 (No. 333-79097) and S-4 (No.
333-37750 and 333-44864), and the Company's Report on Form 8-K dated January 10,
2001, all of which are incorporated by reference into this press release.

World Access has filed a proxy statement/prospectus and other relevant documents
concerning the TelDaFax transactions with the SEC. WE URGE INVESTORS TO READ THE
PROXY STATEMENT/PROSPECTUS AND THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY
OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT
INFORMATION.

Investors will be able to obtain the documents free of charge at the SEC's Web
site, www.sec.gov. In addition, documents filed with the SEC by World Access
will be available free of charge by writing to Investor Relations, World Access,
Inc., 945 E. Paces Ferry Road, Suite 2200, Atlanta, GA, 30326, or by telephone
request to 404-231-2025.

The participants, as defined in Instruction 3 to Item 4 of Schedule 14(A) in the
solicitation of proxies from the World Access stockholders for the approval of
the transactions include World Access and Walter J. Burmeister, Kirby J.
Campbell, Brian Cipoletti, Stephen J. Clearman, John P. Imlay, Jr., Massimo
Prelz Oltramonti, John D. Phillips, John P. Rigas, Carl E. Sanders and Lawrence
C. Tucker, each a director of World Access. Please see World Access'
Registration Statement on Form S-4 (No. 333-44864) for a description of the
World Access security holdings of each of the World Access directors.

World Access Contact:               Michele Wolf
(404-231-2025)                      V.P. of Investor Relations
http://www.waxs.com