May 17, 1999 |
AT&T Corp. and MCI WorldCom Inc. this week will host their annual shareholder meetings as stronger companies than they were a year ago, but both face challenges to extending the gains of their surging stocks, analysts say. Over the past year, AT&T, the No. 1 U.S. phone company, has announced about $120 billion in acquisitions that will allow it to reenter the local telephone market and become the largest cable television operator.
May 14, 1999 |
MCI WorldCom is in talks to buy wireless cable provider PrimeOne in a deal worth about $300 million, a move that would help the No. 2 long-distance phone company secure a path to homes and businesses where its wires don't reach, according to a source close to the situation. Wireless cable operators use antennas to send video signals to subscribers using a technology called microwave multi-point distribution system, or MMDS, that has not been widely adopted.
May 6, 1999 |
AT&T has made a dramatic shift by focusing on cable lines as its entree to customers' homes, but No. 2 long-distance carrier MCI WorldCom need not respond with a dramatic strategic shift of its own. In fact, AT&T's $57.2-billion deal to buy MediaOne Group may actually be a response to aggressive deal-making on the part of MCI WorldCom. Those deals have made the Jackson, Miss.-based company a formidable competitor in the business, data and Internet markets.
April 20, 1999
MCI WorldCom, the nation's No. 2 provider of long-distance service, is buying CAI Wireless Systems for about $414 million. MCI WorldCom has been the only major phone company without a stake in the lucrative and rapidly growing wireless market.
March 10, 1999 |
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."
March 4, 1999 |
MCI WorldCom Inc. and Bell Canada said they formed an alliance that makes Bell Canada the exclusive distributor of MCI WorldCom's voice and data services throughout Canada. Under the agreement, Bell Canada will offer the No. 2 U.S. long-distance phone company's On-Net services throughout Canada. Montreal-based Bell Canada will pay an undisclosed licensing fee to MCI, said Robin Halter, media relations manager at MCI WorldCom.
February 19, 1999 |
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.
February 12, 1999 |
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.
February 4, 1999 |
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.