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MCI Inc. (Wikipedia.org)

MCI, Inc. was an American telecommunications company that was headquartered in Ashburn, Virginia. The corporation was the result of the merger of WorldCom (formerly known as LDDS followed by LDDS WorldCom) and MCI Communications, and used the name MCI WorldCom followed by WorldCom before taking its final name on April 14, 2003 as part of the corporation's emergence from bankruptcy. The company formerly traded on NASDAQ under the symbols "WCOM" (pre-bankruptcy) and "MCIP" (post-bankruptcy). The corporation was purchased by Verizon Communications with the deal closing on January 6, 2006, and is now identified as that company's Verizon Business division with the local residential divisions slowly integrated into local Verizon subsidiaries.

MCI's history, combined with the histories of companies it has acquired, echoes most of the trends that have swept American telecommunications in the past half-century: It was instrumental in pushing legal and regulatory changes that led to the breakup of the AT&T monopoly that dominated American telephony; its purchase by WorldCom and subsequent bankruptcy in the face of accounting scandals was symptomatic of the Internet excesses of the late 1990s. It accepted a proposed purchase by Verizon for US$7.6 billion.

For a time, WorldCom (WCOM) was the United States' second largest long distance phone company (AT&T was the largest). WorldCom grew largely by acquiring other telecommunications companies, most notably MCI Communications. It also owned the Tier 1 ISP UUNET, a major part of the Internet backbone. It was based in Clinton, Mississippi before moving to Ashburn, Virginia.

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5 months ago
Telegraph newspaper online
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'Stolen Without a Gun,' Author on Crime. Former MCI WorldCom Exec Walt Pavlo discusses the impact of white collar crimes.
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"Stolen Without a Gun" co-author Neil Weinberg tells what it was like writing with Walt Pavlo.
2 years ago
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Verizon Business VP Tom Roche talks about why Ethernet services aren't likely to be commoditized, and he describes ViOS, Verizon's upcoming fiber-fed service for businesses
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Enron's former CFO Andrew Fastow is sentenced to six years in prison and WorldCom's founder Bernard Ebbers begins his 25-year prison sentence. The Dow Jones posts its second-best close ever as stocks ...
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David Croslin the chief product architect at Verizon Business discusses the challenge of dealing with enterprise mobility, what IP convergence really means, and fills us in on Verizon's quest for IMS
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Ex-WorldCom CEO Ebbers was convicted of fraud and conspiracy Tuesday. Experts analyze the verdict.
4 years ago
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