Word: mci
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...MCI battles with...
...Lilliputian among telephone companies (1980 revenues: $205 million), MCI has spent most of the past decade battling the industry's Gulliver, AT&T (1980 revenues: $50 billion). Not only that, but the tiny competitor has often been successful. Since its founding in 1968, MCI has steadily chipped away at Ma Bell's lucrative monopoly in long-distance business calls. Now, with the help of American Express, it is aggressively entering the long-distance market for household phone calls...
...experiment begun last month, Amex is offering MCI's cut-rate telephone service to about 120,000 of its 9.5 million cardholders. Early interest has been encouraging. The MCI offer has drawn three times the usual response for a direct-mail campaign. The new agreement will enable American Express to move deeper into the communications business, where it has already been active through a cable TV partnership with Warner Communications. It will also help MCI by giving the company a new market for its already existing telephone service. Says Chairman William McGowan: "With its cardholders, American Express can fill...
...been reached during the last days of the Carter Administration. Ma Bell's competitors immediately voiced fears that Carter officials had made too many concessions to A T & T in their rush to wrap up the case before the new President took office. Said William McGowan, chairman of MCI Telecommunications, which is battling Bell for the long-distance telephone market: "It sounds like a slap on the wrist." Added Herbert Jasper, Washington lobbyist for a group of telecommunications companies: "It appears to be a free ride...
More than 40 firms, including MCI, Litton Industries and Southern Pacific Communications, have filed their own suits against A T & T. Bell was eager to settle the Government case so that evidence the Justice Department had been gathering would not be revealed in court and later used in the private suits...