MCI Communications was the second-largest long-distance telecommunications service provider in the U.S. until its purchase by WorldCom.
Business Model:
Revenue: $0
Employees: 10,001-1
Address:
City: Washington
State: District of Columbia
Zip:
Country: United States
MCI Communications was the second-largest long-distance telecommunications service provider in the U.S. until its purchase by WorldCom. MCI was founded in 1963 and operated microwave relay stations and provided two-way radio services to truck drivers and barges. The company grew with a strategy of mergers and acquisitions, and by going public with large amounts of capital being available at its disposal. By 1990, MCI was the second-largest telecommunications company in the U.S. The company ran into difficulty as a result of U.S. regulatory laws and in 1997 the company was purchased by WorldCom in a deal worth US$ 34.7 million.
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Listed Exchange:
NASDAQ
Ticker Symbol:
MCIP
Opened: -/share
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Total Cash | - |
Total Debt | - |
Total Revenue | - |
Total Profit (Gross) | - |
PE Ratio | - |
Announced Date | Company | Transaction | Money Raised |
---|---|---|---|
11/1999 | Metricom, Inc. | Post-IPO Equity | 600M |
10/1999 | Tasman Networks | Venture Round | 21M |
2/2001 | Yipes | Series C | 200M |
2/2000 | TeleCommute Solutions | Venture Round | 19M |
6/2000 | Mahi Networks | Venture Round | 0 |
8/2000 | Advertising.com | Venture Round | 57M |
3/2000 | Cidera | Series C | 0 |
7/2000 | NetScreen Technologies | Venture Round | 36M |
7/2001 | SmartPipes | Series C | 0 |
4/2000 | YAFO Networks | Series B | 31M |
7/2001 | SmartPipes | Series C | 0 |
2/2001 | Yipes | Series C | 0 |
8/2000 | Advertising.com | Venture Round | 0 |
7/2000 | NetScreen Technologies | Venture Round | 0 |
6/2000 | Mahi Networks | Venture Round | 0 |
4/2000 | YAFO Networks | Series B | 0 |
3/2000 | Cidera | Series C | 0 |
2/2000 | TeleCommute Solutions | Venture Round | 0 |
11/1999 | Metricom, Inc. | Post-IPO Equity | 0 |
10/1999 | Tasman Networks | Venture Round | 0 |
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