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MCI Communications Services Inc history
MCI Communications Services Inc company history timeline
With its eye on becoming a global leader in telecommunications, the company changed its name to WorldCom, Inc. in May 1995.
In September 1995 Avantel began construction of Mexico’s first all-digital fiber optic network.
In an era where you were either buy or were bought, many companies made bids to buy out MCI. BT made an offer to purchase the rest of the company in November 1996 for $22 billion.
The two companies subsequently announced that they would develop a direct broadcast satellite (DBS) system in the United States, purchasing one of only three DBS licenses in 1996.
During 1996 Gerald H. Taylor was named CEO, with Roberts retaining the chairmanship.
In August 1998 BT agreed to buy MCIs 24.9 percent stake in the Concert joint venture for $1 billion, effectively bringing to a close the two companies’ partnership.
In January 2006, the company was acquired by Verizon Communications and was later integrated into Verizon Business.
It also had an early commercial presence on the Internet. It never fully recovered and eventually sold to Verizon in 2006.
Eventually wireless made most operator services obsolete and the service was sold to Viiz Communications in 2016.
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Zippia gives an in-depth look into the details of MCI Communications Services Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MCI Communications Services Inc. The employee data is based on information from people who have self-reported their past or current employments at MCI Communications Services Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MCI Communications Services Inc. The data presented on this page does not represent the view of MCI Communications Services Inc and its employees or that of Zippia.
MCI Communications Services Inc may also be known as or be related to MCI Communications Services Inc and MCI Communications Services Inc.