BNET Industries
- Private
- US
Dow Jones Description
Located in Clinton, MS. WorldCom is one of the world's largest telecommunications companies with 20 million consumer customers, thousands of corporate clients and 80,000 employees. MCI refers to its long distance service. It also owns UUNet, controlling the wires that Internet service providers use as superhighways to carry Internet traffic between cities and across continents. Even before the recent accounting disclosures, by 2001, WorldCom was already going through financial turmoil due to large debt and declining rates and revenue. Growth in the telecommunications industry was slowing and the company had too much network capacity. The company was deep in debt from an ambitious buying spree. There were also the controversial $408 million loans to CEO Bernie Ebbers to cover his margin calls on loans secured by company stock.
Peer Companies
NAICS Code Wired Telecommunications Carriers: 517110
News & Analysis
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mexico city and worldcom inc. - All News and Analysis
Avantel scrambles to restore confidence.
- 2002-07-11
MEXICO CITY, Jul 11, 2002 (C&A Telecommunications/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- According to Mexico City columnist Eduardo Torreblanca, Avantel's CEO Oscar Rodriguez has been busy over the past two weeks visiting th MEXICO CITY, Jul 11, 2002 (C&A Telecommunications/Corporate Mexico by...
Avantel assured independence from WorldCom.
- 2002-07-08
MEXICO CITY, Jul 8, 2002 MEXICO CITY, Jul 8, 2002
Slim denies Telmex benefited from WorldCom scandal.
- 2002-07-04
MEXICO CITY, Jul 4, 2002 MEXICO CITY, Jul 4, 2002
WorldCom confirms sale of international assets.
- 2002-07-04
MEXICO CITY, Jul 4, 2002 MEXICO CITY, Jul 4, 2002
Avantel declines to comment on WorldCom case.
- 2002-06-28
MEXICO CITY, Jun 27, 2002 MEXICO CITY, Jun 27, 2002
Telmex and Worldcom amend interconnection agreement.
- 2002-02-28
MEXICO CITY, Feb 28, 2002 MEXICO CITY, Feb 28, 2002
Citigroup And Worldcom Intend To Keep Avantel.
- 2002-01-23
MEXICO CITY, Jan 23, 2002 MEXICO CITY, Jan 23, 2002
WorldCom Officials Visit Mexico.
- 2001-11-15
MEXICO CITY, Nov 15, 2001 MEXICO CITY, Nov 15, 2001
Worldcom Replies To AT&T Mexico-U.S. Settlement-Fee Complaint.
- 2001-07-09
MEXICO CITY, Jul 9, 2001 MEXICO CITY, Jul 9, 2001
Televisa Hires Protega For SkyTel Sale; Talks With Worldcom Preliminary.
- 2001-06-11
MEXICO CITY, Jun 11, 2001 MEXICO CITY, Jun 11, 2001
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