acquisitions in the 1990s. The low margins that the industry was accustomed to weren't enough for Bernie Ebbers, CEO of WorldCom. From 1995 until 2000, WorldCom purchased over sixty other telecom firms. In 1997 it bought MCI for $37 billion. WorldCom moved into Internet and data communications, handling 50 percent of all United States Internet traffic and 50 percent of all e-mails worldwide. By 2001, WorldCom owned one-third of all data cables in the United States. In addition, they were the second-largest
Words: 1042 - Pages: 5
Case 10: MCI Communication Corp. ------------------------------------------------- MCI External Financing Needs from 1984 to 1989 Due to the telecom industry’s competitive history, MCI has to continue growing to maintain and increase their market share. Their external financing needs will keep increasing over the next few years as the operating margins shrink in an attempt to acquire 20% market share by 1990. To accomplish this, MCI will need to infuse huge capitals into their business
Words: 926 - Pages: 4
MILITARY SERVICE AND COMPONENTMARINE CORPS, ACTIVE | 5. DATE OF INFORMATION2011 JAN 01 | 6. EXPERIENCE AND TRAINING HISTORY (In reverse chronological order) AND RELATED INFORMATION | EXPERIENCE HISTORY: | | OCCUPATION: 0811, Field Artillery Cannoneer PRIMARY OCCUPATION: MARINE CORPS, ACTIVE: CORPORAL, Pay Grade E-4 OCT 2010 - JAN 2011 (3 Months) MARINE CORPS, ACTIVE: LANCE CORPORAL, Pay Grade E-3 AUG 2008 - OCT 2010 (2 Years 2 Months) MARINE CORPS, ACTIVE: PRIVATE FIRST CLASS, Pay
Words: 2693 - Pages: 11
telecommunications industry consolidated further. Verizon Communications acquired MCI/WorldCom and SBC Communications acquired AT&T Corporation, which had been in business since the 19th Century. The acquisition of MCI/WorldCom was the direct result of the behavior of WorldCom's senior managers as documented above. While it can be argued that the demise of AT&T Corp. was not wholly attributable to WorldCom's behavior, AT&T Corp.'s decimation certainly was facilitated by the events surrounding
Words: 1991 - Pages: 8
was fueled primarily through acquisitions during the 1990s and reached its apex with the acquisition of MCI in 1998. Among the companies that were bought or merged with WorldCom were Advanced Communications Corp. (1992), Metromedia Communication Corp.(1993), Resurgens Communications Group(1993), IDB Communications Group, Inc (1994), Williams Technology Group, Inc. (1995), and MFS Communications Company (1996). The acquisition of MFS included UUNET Technologies, Inc., which had been acquired by MFS
Words: 1790 - Pages: 8
Financial Strategy for Corporation Case3 MCI Communications Corp., 1983 Estimation of external financing MCI requires until the end of 1987 MCI is the second-largest long-distance provider in the telecom industry of United States after AT&T. First of all, in this case we estimate external financing MCI requires until the end of 1987. Exhibit 9A provides the projected capital investment needs for the following year, so our group plug those data in
Words: 1197 - Pages: 5
telecommunications industry consolidated further. Verizon Communications acquired MCI/WorldCom and SBC Communications acquired AT&T Corporation, which had been in business since the 19th Century. The acquisition of MCI/WorldCom was the direct result of the behavior of WorldCom's senior managers as documented above. While it can be argued that the demise of AT&T Corp. was not wholly attributable to WorldCom's behavior, AT&T Corp.'s decimation certainly was facilitated by the events surrounding
Words: 1991 - Pages: 8
MCI Communications Corp., 1983 En abril de 1983, Wayne English, director financiero de MCI Communications Corp., se enfrentaba al problema de establecer una política financiera en un ambiente caracterizado por una gran demanda potencial de fondos externos y una gran incertidumbre en relación con el futuro de MCI. Esta compañía, que ofrecía servicios de telecomunicación a larga distancia en competencia con AT&T, había visto crecer sus ingresos de casi nulos en el año fiscal de 1974 (terminado
Words: 3415 - Pages: 14
The former employee’s constructive discharge claim extends from the possibility they may now have to work on a religious holy day due to the new schedule changes. The employee feels as if they were being push out of employment and forced to make a decision between their religion and work. The former employee will be required in court to prove that their “working conditions would have been so difficult or unpleasant that a reasonable person in the employee's shoes would have felt compelled to resign”
Words: 1093 - Pages: 5
Verizon Communications Inc. Financial Management Analysis Table of Contents Executive Summary 4 Mission Statement 5 Vision Statement 5 History 5 Business Summary 9 Financial 10 Employees 10 Products Offered 11 Wireless 11 Enterprise/Mid-Market Business 12 Key Enterprise Products and Services 12 Residential/ Small Business 13 Key Residential and Small Business Products and Services 13 Community
Words: 5170 - Pages: 21
