In addition to preserving that revenue, WorldCom
said MG's surety facility could help it to generate an additional $500 million to $1 billion in new business.
regularly looks for ways to provide new opportunities, in both traditional and non-traditional areas, for small businesses, small disadvantaged businesses, and women and service disabled veteran-owned businesses.
William Esrey, Sprint's chief executive, favored a merger with MCI Worldcom
all along, according to people close to negotiators, because he believes an MCI Worldcom
-Sprint combination has a better chance of being approved by regulators and more attractive long-term growth prospects.
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.
However, MCI WorldCom
has a much higher valuation of about $151 billion, topping AT&T Corp.
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.