Advertisement
YOU ARE HERE: LAT HomeCollectionsMci World Com Inc
IN THE NEWS

Mci World Com Inc

MORE STORIES ABOUT:
FEATURED ARTICLES
BUSINESS
April 7, 1999
MCI WorldCom Inc., the No. 2 U.S. long-distance company, is in preliminary talks to buy wireless phone company Nextel Communications Inc., people familiar with the matter told Reuters. The companies declined comment. A deal could be blocked by several factors, including price, Nextel's substantial $7.7-billion debt, and the aversion of MCI Chief Executive Bernie Ebbers to acquisitions that hurt the company's profit, industry sources said.
ARTICLES BY DATE
BUSINESS
April 22, 2000 | Reuters
MCI WorldCom Inc. declined comment on a report that it is mulling a potential bid for British wireless carrier Orange in a deal that could top $40 billion. The company has hired investment banker Salomon Smith Barney to advise it on a possible offer, according to a report in USA Today. A spokesperson for Salomon could not be immediately reached for comment.
Advertisement
BUSINESS
April 22, 2000 | Reuters
MCI WorldCom Inc. declined comment on a report that it is mulling a potential bid for British wireless carrier Orange in a deal that could top $40 billion. The company has hired investment banker Salomon Smith Barney to advise it on a possible offer, according to a report in USA Today. A spokesperson for Salomon could not be immediately reached for comment.
BUSINESS
April 7, 1999
MCI WorldCom Inc., the No. 2 U.S. long-distance company, is in preliminary talks to buy wireless phone company Nextel Communications Inc., people familiar with the matter told Reuters. The companies declined comment. A deal could be blocked by several factors, including price, Nextel's substantial $7.7-billion debt, and the aversion of MCI Chief Executive Bernie Ebbers to acquisitions that hurt the company's profit, industry sources said.
BUSINESS
November 16, 1999
MCI WorldCom Inc. said the Justice Department asked for additional information about its planned $129-billion purchase of rival Sprint Corp. The request signaled that federal antitrust enforcers will closely examine whether the proposed combination might reduce competition in the market for long-distance calls. An MCI WorldCom spokesman told Bloomberg News that the request had been expected.
BUSINESS
April 28, 1999
* CAI Wireless Systems Inc. said it completed an agreement to be acquired by MCI WorldCom Inc. at a price of $476 million--17% higher than first announced. The revised deal provides for CAI holders to receive $28 a share in cash, up from the $24 a share WorldCom offered in the tentative deal announced 10 days ago. The wireless licenses controlled by CAI Wireless will allow MCI WorldCom to reach customers' homes or businesses without going through the Baby Bells' local phone networks.
BUSINESS
August 23, 1999 | KAREN KAPLAN
One month after pressuring the Internet Corp. for Assigned Names and Numbers to drop a plan to charge domain name registrars a user fee of up to $1 per registration, U.S. Rep. Thomas J. Bliley (R-Va.) is questioning the nonprofit group's ability to become financially self-sufficient.
BUSINESS
November 4, 1999
* Sprint Corp., which is being acquired by rival MCI WorldCom Inc., said it will sell packages of local and long-distance phone service in New York as local service provider Bell Atlantic Corp. prepares to enter the long-distance market. The plans will be available next week. * Sega Enterprises Ltd., the No. 3 maker of video-game console systems, said it will sell 1.5 million units of its new Dreamcast device in the U.S. by year-end, 50% more than previously forecast.
BUSINESS
November 4, 1999 | Bloomberg News
A House subcommittee voted 5 to 3 to ban sports and casino gambling via the Internet while shielding Internet providers such as America Online Inc., AT&T Corp. and MCI WorldCom Inc. from liability. Under the measure, approved by the House Judiciary subcommittee on crime, it would be illegal to place or receive bets on the Internet.
BUSINESS
November 7, 1998 | (Times News Services)
Incomnet Inc., the Irvine telecommunications and network marketer, said Friday that it received a $5-million loan that it will use to repay two of its largest creditors. Incomnet's subsidiary, Irvine-based National Telephone & Communications, is in default to MCI WorldCom Inc. and First Bank & Trust of Newport Beach. First Bank and WorldCom have agreed not to take any action against NTC until Dec. 15. Neither company could be reached for comment Friday.
BUSINESS
September 29, 1998 | Reuters
The Federal Communications Commission barred regional Bell companies US West Inc. and Ameritech Corp. from marketing long-distance service on behalf of upstart carrier Qwest Communications International Inc., saying the Bells' arrangements to collect fees for referring their local customers to Qwest violate the 1996 Telecommunications Act. Under the act, Baby Bells may not offer long-distance services directly until they open their local networks to competitors.
BUSINESS
January 29, 1999 | Reuters
MCI WorldCom Inc., the No. 2 U.S. long-distance company, plans to launch a consumer Internet-access service, possibly in a week, sources said. Consumers would be able to buy the Internet service separately or buy a package of services, including Internet access and long-distance telephone service, sources said. Details on pricing and brand name were not immediately available. MCI WorldCom declined to comment. Four months ago, MCI Communications Corp.
Los Angeles Times Articles
|