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MCI WorldCom Merger

By Jason Potts and Dr. Loomis


November 10, 1998The recently formed MCI WorldCom is a world wide business and telecommunications company. MCI WorldCom focuses in providing facilities-based and fully integrated local, long distance, international and Internet services. In addition to its vast global market the company creates revenues of more than $35 billion dollars. (Upbin) The company is owned publicly and traded on Nasdaq National Market under the symbol WCOM. Bernard J. Ebbers, president and chief executive officer of MCI WorldCom, said “MCI WorldCom is uniquely qualified to lead the industry in growth and to build on the tremendous value we have created for our shareholders. We have the right network – built for explosive demand for high-speed data and Internet services – the right talent, and the right strategy at the right time. Simply put, MCI WorldCom is out in front and sets the standard by which all other communications companies will be measured. ” Although many foresee high returns fro

Year: 2011
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