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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.
Feb 14, 2005 · The U.S. telecom industry's consolidation spree continued unabated Monday with news that Verizon Communications is buying MCI Corp. in a cash and stock deal valued at almost $6.8 billion US.
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.
Sep 15, 1998 · WorldCom Inc. Monday completed its $37 billion acquisition of MCI Communications Corp., forming a telecommunications behemoth that hopes to challenge the Baby Bells, AT&T Corp. and foreign...
Nov 10, 1997 · WorldCom and MCI have agreed to expand commercial business arrangements that already exist between the two companies, accelerating the timetable to achieve cost savings. Additionally, the companies will immediately pursue commercial arrangements for MCI to sell WorldCom local services and for WorldCom to sell MCI's services.
Mar 5, 2004 · MCI, legally known as WorldCom, rolled out two new services this week, as it tries to rebuild its business and its reputation, after two years of scandal and bankruptcy proceedings.
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What happened to MCI WorldCom?
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Why did MCI divest its 'internetMCI' business?
Feb 13, 2005 · 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...
