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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.
In July 1971, MICOM was restructured into MCI Communications, and the company began the process of absorbing the regional carriers into a single corporation. MCI became a public company via an initial public offering on June 22, 1972.
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 · MCI began its battle into the telecommunications market in 1968, when William G. McGowan organized the MCI Communications Corp. in an effort to take on the monopolistic phone company.
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.
Oct 31, 2005 · YORK and ASHBURN, Va. - Federal Communications Commission today approved the proposed acquisition of MCI, Inc. (NASDAQ:MCIP) by Verizon Communications Inc. (NYSE:VZ) after concluding the transaction advances the public interest.
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From its inception in 1963, Microwave Communications Inc. (MCI) grew to take on the biggest monopoly in U.S. history, helped fuel the long-distance wars of the late 1980s and 1990s and ultimately...
