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Telecommunication Research Paper MCI WORLDCOM History The following is a brief history for the merge of MCI and WorldCom Inc since 1997 to 1998 1998 March Telefonica WorldCom and MCI announce that they will partner to create strategic business ventures that will leverage the three companies network and geographic strengths as they enter new telecommunications markets in Europe and the Americas January WorldCom completes merger with Brooks Fiber and CompuServe 1997 November WorldCom Inc announces its merger agreement with MCI Communications Corp to create a new era communications company best positioned to take advantage of growth opportunities in the 700 billion telecommunications market The combined company MCI WorldCom will have over 30 billion in 1998 proforma revenues and joins together two of the industrys most entrepreneurial and competitive forces October WorldCom Inc announces that it will be commencing an exchange offer to acquire all of the outstanding shares of MCI Communications Corp for 4150 of WorldCom common stock per MCI share Following consummation of the exchange offer WorldCom will effect a second-step merger with all remaining MCI stockholders receiving the same per share consideration The transaction is valued at approximately 30 billion September WorldCom Inc announces its intention to acquire CompuServe from HR Block in a stock for stock transaction value 12 billion In addition WorldCom has agreed to acquire America Onlines network services company ANS Communications AOL will also sign a five year contract under which WorldCom will become AOLs largest network service provider in exchange for AOL receiving CompuServes Online Services division and 175 million in cash WorldCom will retain the CompuServe Network Services CNS division July WorldCom Inc announces that its Swiss operating company has received a license from the Federal Office for Communications BAKOM to build and operate an alternative telecommunication network in the city of Zurich
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