Word: mci
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...MCI and Nextel hook up to compete with AT&T in cellular phones...
Five years ago, MCI Communications was approached by two eager entrepreneurs with an offer to take a 20% stake in a risky venture. Their plan was to transform a local radio-dispatch system, used primarily by taxicabs and truckers, into a state-of-the-art cellular-telephone network. MCI declined the $40 million opportunity, preferring to concentrate on its core business: long- distance service...
Times change. In a stunning reversal last week, MCI announced a deal to acquire 17% of the same venture, Nextel Communications, for a whopping $1.3 billion. "Things were different then," says MCI chairman Bert Roberts Jr. "MCI faces an entirely new world today...
...MCI Bypasses Local Bells...
...MCI Communications announced a $2 billion plan to connect corporate customers in 20 of the nation's biggest cities to its long-distance network directly -- bypassing the local Bell telephone companies and avoiding the access charges, now totaling $5 billion a year, that MCI pays them for their linkup. The move intensified calls in Washington for reduced regulation of the telecommunications industry...