Sprint had been discussing a merger with MCI Worldcom
for two weeks but received a $100 billion unsolicited offer Saturday from BellSouth, the Atlanta-based Baby Bell company, prompting MCI Worldcom
to raise its bid Monday.
Our objective is to make available to clients and organizations facing a crisis, or public controversy anywhere in the world, some of the most experienced minds in the business," said WORLDCOM
Chairman Jon Holt.
Securities and Exchange Commission] is talking about investigating WorldCom
statements going back to 1998.
Among other benefits, the merger would give MCI Worldcom
much-needed wireless assets.
Current and former WorldCom
and MCI shareholders and employees can visit www.
Contact: Media: Brad Burns, 1-800-644-NEWS or Investors: Scott Hamilton, +1-877-624-9266, both of WorldCom
However, MCI WorldCom
has a much higher valuation of about $151 billion, topping AT&T Corp.
With the WorldCom
Customer Center, customers can take advantage of a powerful suite of Web-based tools that decrease order-processing time, facilitate faster service installation and permit customers to manage their communications portfolio with WorldCom
has built its business catering to high-paying corporate customers.
Grubman served as an advisor, analyst and consultant to WorldCom
, then under CEO Ebbers and received $25 million in 1998 alone for his work while at the same time offering independent advice to purchasers of WorldCom
And it is the first unsolicited bid for a phone company since the passage of the new communications law in early 1996, which opened the door to the kind of cowboy capitalism in which Ebbers and Worldcom
Whether you had invested directly in WorldCom
, through a mutual fund or in your pension plan, you lost a lot of money because of WorldCom
's fraudulent behavior.