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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.
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.
Feb 16, 2005 · Two decades ago, MCI helped unravel the AT&T monopoly, transforming the telecommunications industry. Now it has been gobbled up by its archrival's offspring just as the competition it...
Feb 15, 2005 · In response to a rapidly declining long-distance phone business, the company is being acquired by another Baby Bell, SBC Communications, for $16 billion.
Feb 14, 2005 · NEW YORK and ASHBURN, Va. - Verizon Communications Inc. (NYSE:VZ) and MCI, Inc. (NASDAQ:MCIP) today announced that Verizon has agreed to acquire MCI for $4.8 billion in equity and $488 million in cash. The transaction adds new strength to the telecommunications services both companies provide.
Nov 18, 2005 · NEW YORK and ASHBURN, Va. - California today gave its final approval to the proposed acquisition of MCI, Inc. (NASDAQ:MCIP) by Verizon Communications Inc. (NYSE:VZ) after concluding the transaction advances the public interest, benefits consumers and has no adverse effects on competition.
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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.
