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The company acquired over 60 telecommunications firms, and in 1995, it changed its name to WorldCom. [3] In 1989, it became a corporation as a result of a merger with Advantage Companies Inc. [4] The company name was changed to LDDS WorldCom in 1995, and it relocated to Clinton, Mississippi.
Dec 27, 2020 · The company was acquired by WorldCom (later called MCI Inc.) in 1998. Due to a large scandal, it declared bankruptcy and eventually broke itself from WorldCom ownership. It never fully recovered and eventually sold to Verizon in 2006.
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.
Following the breakup, MCI quickly became a multibillion-dollar global enterprise. WorldCom began as a reseller of long distance services in 1983 before emerging as the fourth largest long distance provider and a full-service telecommunications powerhouse in the mid-1990s.
MCI International became a holding company of Western Union International, which retained its existing telex business, and MCI International Telecommunications, created to break into the international voice market, which the FCC opened to full competition in December 1982.
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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In 1968, as the FCC was still considering the newly incorporated Microwave Communications, Inc. ’ s application, the fortunes of the small company took a dramatic turn when William McGowan joined the company as chairman and chief executive officer.
