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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 .
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] Two years later, the "MCI" part was dropped.
MCI Inc., formerly called WorldCom, which acquired MCI Communications, and was later acquired by Verizon Communications; MCI Group, a global event, association management and congress management company; Mobile Telecommunication Company of Iran, the largest mobile phone operator in Iran; Motor Coach Industries, a coach/bus manufacturing company
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.
On October 5, 1999, Sprint and MCI WorldCom announced a $129 billion merger agreement between the two companies. [47] The deal would have been the largest corporate merger in history at the time. However, due to pressure from the United States Department of Justice and the European Union on concerns of it creating a monopoly, the deal did not ...
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 ...
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 ...
Photos of cannibals around the world: In India, exiled Aghori monks of Varanasi drink from human skulls and eat human flesh as part of their rituals to find spiritual enlightenment.