MCI Communications Corp. (originally Microwave Communications, Inc.) was a telecommunications company headquartered in Washington, D.C. that was at one point the second-largest long-distance provider in the United States.
MCI was instrumental in legal and regulatory changes that led to the breakup of the Bell System and introduced competition in the telephone industry. Its MCI Mail, launched in 1983, was one of the first Email services and its MCI.net was an integral part of the Internet backbone.
The company was acquired by WorldCom (later called MCI Inc.) in 1998.
MCI, Inc. (subsequently Worldcom and MCI WorldCom) was a telecommunications company. For a time, it was the second largest long-distance telephone company in the United States, after AT&T. Worldcom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business.
Worldcom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI.
1997Nov, 10
WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time).
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Events on 1997
- 19Jan
Hebron
Yasser Arafat returns to Hebron after more than 30 years and joins celebrations over the handover of the last Israeli-controlled West Bank city. - 21Jan
Newt Gingrich
The U.S. House of Representatives votes 395-28 to reprimand Newt Gingrich for ethics violations, making him the first Speaker of the House to be so disciplined. - 5Feb
The Holocaust
The so-called Big Three banks in Switzerland announce the creation of a $71 million fund to aid Holocaust survivors and their families. - 2Jun
Oklahoma City bombing
In Denver, Timothy McVeigh is convicted on 15 counts of murder and conspiracy for his role in the 1995 bombing of the Alfred P. Murrah Federal Building in Oklahoma City, in which 168 people died. He was executed four years later. - 1Jul
Tony Blair
China resumes sovereignty over the city-state of Hong Kong, ending 156 years of British colonial rule. The handover ceremony is attended by British Prime Minister Tony Blair, Prince Charles of Wales, Chinese President Jiang Zemin, and U.S. Secretary of State Madeleine Albright.