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In 1989, it became a corporation as a result of a merger with Advantage Companies Inc. The company name was changed to LDDS WorldCom in 1995, and it relocated to Clinton, Mississippi. The company grew rapidly in the 1990s, after completing several mergers and acquisitions.
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.
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 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.
Verizon Communications Inc. has agreed to acquire MCI Corp. for more than $6.7 billion in a deal that snatches the once-troubled long-distance provider away from a rival bid and represents the...
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 Inc. has agreed to acquire MCI Inc. in a deal valued at $6.7 billion, the companies announced today, ending weeks of speculation about a likely deal.
