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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 ...
Feb 16, 2005 · MCI grew by leaps and bounds through the late 1980s and early 1990s. By 1990, it had become the nation's second-largest telecommunications company, establishing a fiber-optic network spanning more ...
MCI became a public company via an initial public offering on June 22, 1972. [14] In early 1971, MCI and Lockheed Missiles and Space Company created a joint venture which was the first company to request FCC authorization as a Specialized Common Carrier using satellite-based communications; satellite service would save the company from building thousands of miles of terrestrial network facilities.
Dec 27, 2020 · The company offered more than 50 services in more than 150 countries that included voice, data, and telex transmissions, MCI Mail and MCI Fax. In March 1991, the company introduced the Friends & Family plan, whereby customers received a reduced rate when calling numbers, they had included in their “calling circle”, which could contain up to 20 MCI customers.
Jan 6, 2006 · Under terms of the merger agreement, MCI shareholders will receive 0.5743 shares of Verizon and cash for each of their MCI shares. Verizon elected to make a supplemental cash payment of $2.738 per MCI share (or $779 million in the aggregate), rather than issue additional shares of Verizon, so that the merger consideration was equal to at least $20.40 per share of MCI.
Feb 14, 2005 · MCI became the subject of a torrent of takeover interest among its rivals in recent weeks after SBC, the second-largest regional phone company in the nation, agreed to acquire AT&T for $15 billion.
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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.
