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In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business. WorldCom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI.
In July 1971, MICOM was restructured into MCI Communications, and the company began the process of absorbing the regional carriers into a single corporation. [13] MCI became a public company via an initial public offering on June 22, 1972. [14]
In 1968, McGowan was contacted by MCI due to his expertise in raising venture capital. Based on this contact, he made a US$50,000 investment in the fledgling business and was made chairman of Microwave Communications of America, a predecessor to MCI Communications.
Dec 27, 2020 · MCI was founded as Microwave Communications, Inc. on October 3, 1963. The initial business plan was for the company to build a series of microwave radio relay stations between Chicago, Illinois, and St. Louis, Missouri.
Feb 16, 2005 · MCI began its battle into the telecommunications market in 1968, when William G. McGowan organized the MCI Communications Corp. in an effort to take on the monopolistic phone company.
Feb 15, 2005 · It was William G. McGowan who in 1968 saw the potential to make history with the fledgling MCI, which had begun five years earlier as an 11-employee company seeking to build a row of microwave...
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Formed on September 15, 1998, from the $37 billion merger of MCI Communications Corporation and WorldCom, Inc., the company's operations are organized around three divisions: MCI WorldCom, U.S. telecommunications; UUNET WorldCom, Internet and technology services; and WorldCom International.
