Word: worldcom
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Vinton Cerf (and not Al Gore) co-invented the Internet protocol called TCP/IP. He is a senior vice president at MCI WorldCom...
Rootin', tootin', acquisition-mad MCI Worldcom chief Bernard Ebbers may have finally met his match: the antitrust boys at the Justice Department. Ebbers' proposed $130 billion hookup with Sprint - the latest in a spectacular string of acquisitions by the southern-fried CEO - would be one of the largest corporate mergers ever, a joining of the No. 2 and No. 3 long-distance carriers that posed a serious threat to leader AT&T. But now Justice staffers have formally recommended to head trustbuster Joel Klein that the merger be blocked, on the grounds that a company with one third...
...Klein has invited lawyers for both of the betrothed to come to his office and defend the marriage, but MCI Worldcom isn't wasting any time making the deal look more palatable. The company reiterated that it is willing to sell all or part of its Internet "backbone" - the switching-provider part of the deal, which also worries European regulators - to help soothe antitrust regulators. A spokesman said Thursday that the company currently is in the process of defining exactly what business units are a part of that backbone and spinning them off into a separate division. Meeting the feds...
...deal at all. Antitrust concerns have been raised because an important competitor is being removed. But with Internet and regional Bell companies creeping into the picture, long-distance rates--now about as low as they've ever been--are unlikely to spurt higher. In the long run, the MCI WorldCom-Sprint combination may push us a little faster to telecom nirvana: one-stop shopping for local, long distance and wireless service; Internet access; and cable TV. Imagine all those connections in one jack (plus wireless) and a single bill based on how much data flows through the electronic spigot...
...Take MCI WorldCom's 10-10-220 long-distance service. You pay 99[cents] for the first 20 minutes--a bargain if you talk a lot. But you pay 99[cents] even if you're on the line for just a minute, making that rate one of the highest around. They don't tell you that. Here are some tips to keep your phone bill down...