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MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T. WorldCom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed for bankruptcy in 2002 after an accounting ...
Jan 6, 2006 · Verizon's top management team and Board of Directors remain unchanged. Michael Capellas, former president and CEO of MCI, has announced that he is leaving the business now that the merger has been completed. Seidenberg said, "Michael's work in transforming MCI over these past few years has been extraordinary.
Feb 16, 2005 · By 1990, it had become the nation's second-largest telecommunications company, establishing a fiber-optic network spanning more than 46,000 miles and offering in excess of 50 services--including ...
Feb 14, 2005 · This is worth $4.795 billion and equivalent to $14.75 per MCI share, based on Verizon's closing price on Friday, Feb. 11. MCI shareowners will also receive $1.50 per MCI share in cash, worth $488 million. This consideration is subject to adjustment at closing and may be decreased based on MCI's bankruptcy claims-related experience.
Nov 18, 2005 · The Verizon-MCI combination was announced on February 14. "California's decision is good news for customers and confirmation that the Verizon-MCI combination is in the public interest," said Tim McCallion, Verizon's California president. "This is a major milestone in the approval process, and it increases the momentum as we near the finish line.
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. Verizon said the ...
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Apr 20, 2004 · Long distance phone company MCI Inc. ended its 21-month bankruptcy on Tuesday, the largest in U.S. corporate history, and shed the infamous WorldCom name. WorldCom Inc. emerged from bankruptcy ...
