WorldCom

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WorldCom

A telecommunications company that was at one time the second largest long distance provider in the United States. It had a large role in the expansion of Internet use in the 1990s. It is known for its notorious bankruptcy in 2002 following massive accounting fraud that resulted in several executives receiving jail sentences and investors losing billions of dollars. WorldCom is often associated with the Enron scandal because they occurred at about the same time and because both WorldCom and Enron used the accounting firm Arthur Andersen. It is now called MCI and is a subsidiary of Verizon.
References in periodicals archive ?
I am very pleased to join LDDS WorldCom in its efforts to grow its business throughout the United States and the world," Jordan said.
CONTACT: Gil Broyles of LDDS WorldCom, 918-590-5752; or Ron Kelly of Cohn & Wolfe, 312-329-7529/
With the recently completed acquisitions, LDDS has become the fourth largest U.
The revelation of possible misconduct made no impression on Wall Street investors, as weeks later LDDS went ahead with a sweet deal for WilTel, the gemlike long-distance unit of the Williams Companies.
The company's sharklike approach to acquiring every company in its line of vision is clearly evident, because shortly after the WilTel deal, industry analysts noticed LDDS salivating at the next target--IDS Communications Group.
This certification approves the CX 900 as customer premises equipment for users of the LDDS WorIdCom Frame Relay network.
Bank customer service center (1-800-US BANKS) through an arrangement with LDDS WorldCom, the long-distance telephone service provider.
for LDDS WORLDCOM, the fourth largest long distance carrier in the
Finch has held multiple senior positions at companies such as MCI WorldCom, LDDS Communications, and AT&T Bell Laboratories.
April 22 /PRNewswire/ -- The image of Michael Jordan, basketball superstar, is now available on a prepaid long distance phone card being offered by LDDS WorldCom.
Our association with LDDS WorldCom represents an important step in GTE's plan to re-enter the long-distance market," said Charles R.