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MCI Inc. - Wikipedia MCI, Inc (formerly WorldCom and MCI WorldCom) was a telecommunications company For a time, it was the second-largest long-distance telephone company in the United States, after AT T
WorldCom - Verizon WorldCom would emerge from bankruptcy in 2004, rebranding itself as MCI, before being bought by Verizon Prior to the acquisition, MCI was headquartered in Ashburn, Virginia The MCI acquisition provided Verizon with an international long-distance network and several large corporate customers
MCI Communications - Wikipedia On September 15, 1998 the transaction was consummated and the merged company renamed MCI WorldCom [36] Two years later, the "MCI" part was dropped Following a major accounting scandal , WorldCom filed bankruptcy in 2002 and the company was renamed MCI Inc upon its exit from bankruptcy in 2003 [ 37 ]
The MCI Worldcom merger, bankruptcy, and scandal On November 4th, 1997, MCI and Worldcom merged in a deal worth $37 billion This was an attempt by two large telecommunications companies to to combine and rival AT T, but instead turned into one of the biggest scandals and bankruptcies of its era
WorldCom and MCI announce $37 billion merger - Verizon WorldCom and MCI have agreed to expand commercial business arrangements that already exist between the two companies, accelerating the timetable to achieve cost savings Additionally, the companies will immediately pursue commercial arrangements for MCI to sell WorldCom local services and for WorldCom to sell MCI's services
The History of MCI (Microwave Communications, Inc. ) MCI was instrumental in legal and regulatory changes that led to the breakup of the monopoly of AT T Corporation and introduced competition in the telephone industry It also had an early commercial presence on the Internet The company was acquired by WorldCom (later called MCI Inc ) in 1998