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.
January 29, 1999 |
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.
December 11, 1998 |
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.
December 2, 1998 |
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.
December 1, 1998 |
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.
October 30, 1998 |
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.