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 ?
In the 2003 Atlantic-ACM Wholesale Carrier Report Card, an independent survey of nearly 700 wholesale customers, WilTel was the top-rated overall network provider for the second year in a row.
WilTel compared its congestion strategy to Sprint's.
Working with Wiltel provides NTC the foundation to give consumers the best possible combination of service and cost.
WilTel spent more than a year in analysis and testing of next-generation transport equipment as part of their EDGE project.
Although WilTel believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different.
After consulting with Muze, WilTel engineered an Ethernet-based solution utilizing WilTel's Ethernet Wide-area Network (EWAN) service.
WilTel provides end-to-end management and monitoring of the network, creating a flexible, efficient solution.
The judges found that WilTel consistently garners plaudits for the high quality of its network, and its customer satisfaction ratings are uniformly strong," said Rachel Jones, managing director of TelCap Ltd.
WilTel Communications today announced that it provided the State of Illinois with a statewide network migration for all state agencies, supporting their move from a frame relay-based network to a new MPLS-based network.
Fitch expects that negative free cash flow should improve significantly for the company in 2006 due to its pending acquisition of WilTel Communications Group, LLC (WilTel), scaling of growth services, and lower capital spending compared with 2005.
31, 2005 that it had reached a definitive agreement to acquire WilTel Communications Group, LLC (WilTel) from Leucadia National Corporation (Leucadia) for 115 million shares of Level 3 common stock and $370 million in cash or a total estimated value of $680 million.
Nasdaq - LVLT) under which Level 3 would purchase all of the membership interests in its telecommunications subsidiary, WilTel Communications Group, LLC, excluding certain specified WilTel assets and liabilities to be retained by Leucadia.