Status
Acquired by Verizon Communications on February 14, 2005
Description:
MCI Communications was the second-largest long-distance telecommunications service provider in the U.S. until its purchase by WorldCom. 

Detailed Description

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MCI Communications was the second-largest long-distance telecommunications service provider in the U.S. until its purchase by WorldCom.

MCI was founded in 1963 and operated microwave relay stations and provided two-way radio services to truck drivers and barges.  The company grew with a strategy of mergers and acquisitions, and by going public with large amounts of capital being available at its disposal. By 1990, MCI was the second-largest telecommunications company in the U.S.

The company ran into difficulty as a result of U.S. regulatory laws and in 1997 the company was purchased by WorldCom in a deal worth US$ 34.7 million.

Current Team (4)

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Past Team (59)

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Investments (1)

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News (1)

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