Word: mci
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Dates: during 1990-1999
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...stakes involved--$442 million of Harvard's money--may be small compared to the multibillion dollar mergers of telephone giants like WorldCom and MCI or financial behemoths Citicorp and Travelers...
...blame the good folks at HSTO for our rates, which are marginally higher than the best deals available. The real culprit is MCI, Harvard's long-distance provider. Frankly, the long-distance industry has profited handsomely from years of market control, and the high rates charged by the Big Three demonstrate that...
...price advantage over their competitors. More important is the matter of access fees. Traditional long-distance providers have to pay access fees to local phone companies to reimburse them for the use of their customers' phones to "reach" the PSTN. For instance, a call from Boston to Orlando requires MCI to pay access fees to both Bell Atlantic and BellSouth--fees which are, in turn, passed on to consumers...
...largest merger in history, a stock swap worth some $76 billion. It's a titanic marriage that will dwarf everything else in banking, brokerages, insurance, ATMs, cold calls, lollipops, hamburgers and chutzpah. It makes the size of the next biggest merger, the pending $42 billion deal between MCI and WorldCom announced last October, look cheesy...
Will Yahoo follow suit? For now, Yang's path to portalhood goes through something called Yahoo Online, a full-bore online access service launched last month with long-distance giant MCI. Unfortunately, AOL pretty much staked out the $14.95-a-month turf years ago, and you get the feeling Yang knows it. "MCI is a way of getting our users to Yahoo faster," he says, "but it's just one of many." Like more personalization, maybe? If traffic on the new Excite starts soaring, Levy predicts, "you'll see Yahoo follow suit. The Web's rules are being rewritten weekly...