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Mci Worldcom Inc

BUSINESS
March 10, 1999 | ELIZABETH DOUGLASS, Telecommunications Reporter
MCI WorldCom has filed a legal challenge to an FCC ruling that says calls made to connect to Internet service providers are the equivalent of long-distance calls. MCI's appeal, filed with the federal appeals court in Washington, is expected to prompt other major telecommunications company to follow suit. The telecom giant is arguing that the Federal Communications Commission's decision was "arbitrary and capricious."
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BUSINESS
February 19, 1999 | KAREN KAPLAN, TIMES STAFF WRITER
MCI WorldCom Inc. said Thursday that it has begun a major upgrade of the National Science Foundation's nationwide network for testing next-generation Internet technologies that will quadruple the network's data-carrying capacity. The Los Angeles-to-San Francisco leg of the very-high-speed Backbone Network Service, or vBNS, is the first to get the upgrade and can now carry 2.5 gigabits of data per second. That's more data than 1,600 high-speed T-1 lines can carry.
BUSINESS
February 12, 1999 | From Bloomberg News
Electronic Data Systems Corp. agreed to buy MCI WorldCom Inc.'s Systemhouse unit for $1.65 billion in cash as part of a broader alliance that pairs the second-biggest U.S. computer-services provider with one of the world's most aggressive telephone companies. EDS and MCI, the No. 2 U.S. long-distance provider, also would switch about 13,000 employees as part of the alliance, one of the biggest in the computer-services industry.
BUSINESS
February 4, 1999 | From Reuters
MCI WorldCom Inc., the No. 2 U.S. long-distance company, said Wednesday it plans to launch an Internet access service for consumers--a business it was forced to exit last year--and offer local telephone service in New York state. MCI Communications Corp. was forced to sell its Internet business to gain regulatory approval for its $40-billion acquisition by WorldCom Inc. in September.
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.
BUSINESS
December 11, 1998 | From Reuters
Newly merged MCI WorldCom Inc., the nation's No. 2 long-distance telephone company, plans to cut up to 2,300 jobs, or 3% of its work force, in an effort to trim $2.5 billion in expenses in 1999, sources familiar with the company said Thursday. MCI WorldCom, created in September by WorldCom Inc.'s $40-billion acquisition of MCI Communications Corp., declined to comment specifically on the expected job cuts.
BUSINESS
December 2, 1998 | JAMES F. SMITH, TIMES STAFF WRITER
Mexican authorities Tuesday slashed the fees paid by U.S. phone giants MCI WorldCom and AT&T Corp. for passing long-distance calls through to Mexican subscribers, soothing a major irritant in cross-border trade. The 53% drop in the interconnection rate and the removal of a hefty surcharge could eventually mean substantial savings for U.S. callers, who placed 2.4 billion minutes of calls to Mexico in 1996--or 12% of all international calls made from the United States.
BUSINESS
December 1, 1998 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a deal that could shift the power in the satellite television business, EchoStar Communications Corp. has agreed to buy satellite assets from News Corp. and MCI WorldCom Inc. in a stock transaction valued at about $1.25 billion. The deal will give the Colorado-based provider more capacity in the sky than market leader DirecTV, allowing EchoStar to add more channels and new Internet services.
BUSINESS
October 30, 1998 | From Times Wire Services
MCI WorldCom Inc. on Thursday reported a third-quarter profit in its first earnings report since MCI Communications Corp. and WorldCom Inc. joined forces to create the nation's second-largest long-distance company. The company said it had profit before charges of $430 million, or 19 cents a share, contrasted with a year-ago loss of $265 million, or 17 cents, for the two former companies combined, as its investment in Embratel, Brazil's dominant phone company, boosted revenue.
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