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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.
Jun 14, 2024 · WorldCom was a U.S.-based telecom company that underwent one of the largest bankruptcies in U.S. history following a massive spate criminal of accounting fraud.
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 ...
Aug 19, 2005 · WorldCom pursued scores of increasingly large acquisitions. The strategy reached its apex with WorldCom’s acquisition in 1998 of MCI Communications, a company with more than two-and-a-half times the revenue of WorldCom.
MCI Communications Corporation (originally Microwave Communications, Inc.) was a telecommunications company headquartered in Washington, D.C. that was at one point the second-largest long-distance provider in the United States.
WorldCom was a leading communications company that was acquired by Verizon Communications in January 2006. Known as MCI at the time of the merger, WorldCom’s network assets are now part of Verizon Business. WorldCom was originally founded in 1983 as Long Distance Discount Service, Inc.
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Dec 27, 2020 · 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.
