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                                                                   EXHIBIT 10.27


                                 PROMISSORY NOTE

                                   (Term Note)

                                                           October 19, 1999

$2,000,000

FOR VALUE RECEIVED, LDI Acquisition Sub Inc., a Delaware corporation (the
"Company"), promises to pay to the order of World Access, a Delaware corporation
(herein the "Lender"), at Resurgens Plaza - Suite 2210, 945 East Paces Ferry
Road, Atlanta, Georgia 30326, in lawful money of the United States of America
and in immediately available funds, the principal amount of Two Million and
00/100 Dollars ($2,000,000), on October 19, 2000 (the "Maturity Date").

The Company further agrees to pay interest at said office, in like money, on the
unpaid principal amount owing hereunder on the Maturity Date at a rate of twelve
and one-quarter percent (12 1/4%) per annum. Such interest shall be payable
monthly in accordance with Section 4(b) of the Loan Agreement (as hereinafter
defined). Default Interest at the annual rate of 24 1/2% shall be payable on any
overdue payments of principal and/or interest in accordance with Section 4(c) of
the Loan Agreement. Capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed thereto in the Term Loan Agreement dated
as of the date hereof (the "Loan Agreement"), among the Company, the Lender,
Long Distance International Inc., the other lenders party thereto (the
"Lenders") and Frederick A. DeLuca, as Collateral Agent for the Lenders.

If any payment on this Note becomes due and payable on a day other than a
Business Day, maturity thereof shall be extended to the next succeeding Business
Day, and with respect to payments of principal, interest thereon shall be
payable at the then applicable rate during such extension.

This Note is the Term Note referred to in the Loan Agreement, evidences the Term
Loan thereunder, and is subject to, and entitled to, all the provisions and
benefits thereof (including, without limitation, the security of the Pledged
Collateral) and is subject to the prepayment provisions provided therein.

Upon the occurrence of any one or more of the Events of Default specified in the
Loan Agreement or upon termination of the Loan Agreement, all amounts then
remaining unpaid on this Note may become, or be declared to be, immediately due
and payable as provided in the Loan Agreement. The Company shall be responsible
for all costs of enforcement of this Note in accordance with Section 13(e) of
the Loan Agreement.



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                  IN WITNESS WHEREOF, the undersigned has caused this Note to be
executed and delivered by its proper and duly authorized officer on the date set
forth above.

                                         LDI ACQUISITION SUB INC.

                                         By: /s/ David R. Hess
                                            -------------------------------
                                            David R. Hess
                                            Chief Executive Officer



































                        SIGNATURE PAGE TO PROMISSORY NOTE