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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network and worldcom inc. - All News and Analysis
Richmond, Va., Law Firm Joins WorldCom Class-Action Lawsuit Network.
- 2003-03-13
Richmond Times-Dispatch, Va. Knight Ridder/Tribune Business News Richmond Times-Dispatch, Va. Knight Ridder/Tribune Business News
Apples or oranges? - For Starters
- 2002-12-01
Which long-distance company has the most reliable network? It depends on how you interpret the numbers. WorldCom in late November ran a full-page ad in the Wall Street Journal touting its leadership role in network reliability among the major three IXCs and the four RBOCs. According to WorldCom, it...
Impossible choice
- 2002-08-19
In June 2002, network managers and IT chiefs from across Europe gathered in a Stockholm hotel to discuss the imminent fall of KPNQwest, the latest telecommunications carrier to be buried under an avalanche of debt. As users debated the implications of a sudden loss of service, one industry executive stood...
Impossible choice
- 2002-08-10
In June 2002, network managers and IT chiefs from across Europe gathered in a Stockholm hotel to discuss the imminent fall of KPNQwest, the latest telecommunications carrier to be buried under an avalanche of debt. As users debated the implications of a sudden loss of service, one industry executive stood...
What is the future of WorldCom's fiber? What if WorldCom's already-constructed fiber routes to 6,000 buildings in metro areas suddenly came on the market? (Access Networks).
- 2002-08-01
WorldCom's aggressive acquisitions may have propelled the company toward bankruptcy, but that buying spree also created at least one asset that could be of tremendous value: A collection of metropolitan fiber routes that reaches more U.S. office bu WorldCom's aggressive acquisitions may have propelled...
WorldCom: no pat answers. (Network Crossroads).
- 2002-08-01
Some mysteries are solved decisively. By the end of a Perry Mason episode, everyone knows who the killer is, and the answer to the question, "Who killed Cock Robin?" came via a confession. Some mysteries are solved decisively. By the end of a...
BT interested in WorldCom's network.(Brief Article)
- 2002-07-24
EUROPEMEDIA-C2002 Van Dusseldorp & Partners - http://www.vandusseldorp.com/ EUROPEMEDIA-C2002 Van Dusseldorp & Partners - http://www.vandusseldorp.com/
VADS poised to tap billion-ringgit network industry, BUSINESS TIMES
- 2002-07-17
Business Times Malaysia 07-17-2002 MANAGED network services MNS provider VADS Bhd, headed for a second board listing in early August, looks well-positioned to tap the RM1 billion a year and growing MNS industry. However, in the immediate ...
Wire One Sees No Impact from WorldCom Developments on Stability of Glowpoint IP Videoconferencing Network
- 2002-06-26
Business/Hi-Tech Editors
ADVISORY/Copper Mountain Networks Hosts Panel With SBC, WorldCom, and Sonus Networks at SUPERCOMM 2002 to Discuss Next-Generation Packet Telephony
- 2002-05-31
Business Editors/High-Tech Writers
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