MCI, the company whose existence essentially led to the breakup of Ma Bell into AT&T and the Baby Bells, agreed to be bought by one of the remaining Baby Bells, Verizon, for $6.75B in cash and stock. MCI, which in recent years became better known for committing the largest accounting fraud in US history, will add to Verizon’s corporate customer base as well as help fill out the company’s portfolio of services for those customers.
I’d love to know what Bill McGowan would have thought of this.
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