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William G. McGowan (December 10, 1927 – June 8, 1992) was an American entrepreneur, and founder and chairman of MCI Communications. He played an important role in the breakup of AT&T while growing MCI into a US$9.5 billion in revenue entity that controlled 16% of the American domestic and international long distance market.
Brief biology of William McGowan and how his life path set him on a stable journey to form MCI after meeting Jack Goeken.
MCI was founded as Microwave Communications, Inc. on October 3, 1963, with John D. Goeken being named the company's first president. The initial business plan was for the company to build a series of microwave radio relay stations between Chicago, Illinois, and St. Louis, Missouri.
Within 30 years of its construction the canal was replaced by railroads, which left the State government almost bankrupt as a result of the canal-building fever. The first railroad built in Indiana County was a branch of the Pennsylvania Railroad from “Liebgood’s Summit” in Westmoreland County 2.8 miles across a bridge over the Conemaugh ...
- Overview
- The Carterfone Case
- Purchase by Worldcom
- Post-Bankruptcy
- Epilogue
MCI Communications Corp. (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. It is now a division of Verizon Business. MCI was instrumental in legal and regulatory changes that led to the breakup of the mo...
The infamous Carterfone case in 1968 that allowed interconnections between private systems and the AT&T phone network was instrumental for MCI as it was able to eventually commercially compete with AT&T for long distance. In 1969, the FCC allowed MCI to start building a microwave rely between Chicago and St. Louis. The company then began to form su...
In an era where you were either buy or were bought, many companies made bids to buy out MCI. BT made an offer to purchase the rest of the company in November 1996 for $22 billion. In October 1997, GTE, now a part of Verizon, made a bid to purchase MCI for $28 billion in cash. WorldCom offered $34.7 billion in stock, higher than either the BT or GTE...
In January 2006, the company was acquired by Verizon Communications and was later integrated into Verizon Business. It was sold for $6.7 Billion.
MCI pretty much exists in name only. Verizon has kept both the old MCI and WorldCom long distance networks active. As of September 2020, both can by accessible via traditional POTS landline systems. Verizon uses the MCI long distance network in multiple ways. For traditional landline customers, Verizon uses the MCI network as originally designed wi...
MCI Communications Corporation (MCI) records (inclusive dates 1849-1999, bulk 1968-1995) document the activities of MCI and its subsidiaries up to the time of MCI’s merger with WorldCom in 1998.
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Aug 4, 2024 · History. Foundation. In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named chief executive officer. The company acquired over 60 telecommunications firms, and in 1995, it changed its name to WorldCom.
