Overview

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Status
Acquired by on February 14, 2005
Investments
6 Investments in 6 Companies
Headquarters:
Washington, District of Columbia
Description:
MCI Communications was the second-largest long-distance telecommunications service provider in the U.S. until its purchase by WorldCom. 
Categories:
Wireless, Information Technology, Telecommunications
Website:
http://www.mci.com

Company Details

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Founded:
1974
Contact:
70388609132
Employees:
10k + | 6 in Crunchbase

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.

Acquisitions (1)

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DateAcquiredAmount
Jan 21, 2005$105M in Cash

Investments (6)

DateInvested InRoundPartner(s)
Jul, 2001$20M / Series C
Jul, 2000$36M / Venture
Apr, 2000$31M / Series B (Lead)
Mar, 2000$36M / Series C
Feb, 2000$19M / Venture (Lead)
Oct, 1999$21M / Venture

Current Team (6)

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Board Members and Advisors (2)

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Offices/Locations (1)

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  • Headquarters

    1801 Pennsylvania Avenue NW

    Washington, District of Columbia 20006

    United States

Past Team (137)

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Images (1)

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