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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 .
In October 1997, GTE, now a part of Verizon, made a bid to purchase MCI for $28 billion in cash. [34] WorldCom offered $34.7 billion in stock, higher than either the BT or GTE offers, which was accepted by MCI on November 10, 1997. [35] On September 15, 1998 the transaction was consummated and the merged company renamed MCI WorldCom. [36]
2002 – WorldCom files for Chapter 11 bankruptcy protection as a result of a massive $11 billion accounting scandal. 2003 – The UUNET brand re-emerges as WorldCom's wholesale-only brand. 2004 – WorldCom emerges from Chapter 11 bankruptcy and renames itself to MCI, still using the UUNET brand for wholesale business.
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Trudeau says Canada will respond to US tariffs as Ontario's premier says Trump 'declared war' Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb. 1 by arguing that Canada is the energy super power that has the oil and critical ...
John W. Sidgmore (April 9, 1951 – December 11, 2003) was a corporate executive.. He became the Chief Executive Officer of UUNET Technologies in June 1994. UUNET was purchased by MFS, later taken over by WorldCom, which eventually bought MCI.
The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time. From 1999 to 2002, senior executives at WorldCom led by founder and CEO Bernard Ebbers orchestrated a scheme to inflate earnings in order to maintain WorldCom's stock ...
And although they still show up at the WTO in Geneva, they have made it all too clear to the rest of the world that, in the view of the U.S., the WTO is no longer central to world trade, and that ...