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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.
Jan 6, 2006 · Verizon and MCI have been engaged in integration planning since the merger was approved by MCI shareholders on Oct. 6, 2005. Under terms of the merger agreement, MCI shareholders will receive 0.5743 shares of Verizon and cash for each of their MCI shares.
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.
Nov 10, 1997 · WorldCom, Inc. and MCI Communications Corporation announced today a merger agreement creating a fully integrated communications company.
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.
Feb 14, 2005 · Verizon Communications today announced plans to acquire MCI in a $6.7 billion deal aimed at helping Verizon become a more significant player in the enterprise services market.
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Aug 11, 2021 · The SEC charged WorldCom with civil fraud and reached a $2.25 billion settlement. Several executives and the CEO were indicted on charges of securities fraud, conspiracy, and filing false documents with regulators.
