11.10.1997Enterprise Tech

Combined company facts sheet

Combined MCI WorldCom facts sheet

On November 10, 1997, MCI and WorldCom announced plans to merge, creating a new era growth communications company. The company, called MCI WorldCom, will be the first fully integrated communications company, and the best positioned for the largest growth opportunities in the $670 billion global market.

COMBINING THE COMPANIES

WorldCom HIGHLIGHTS
 
  • Core Strengths
  • WorldCom will be the second largest long distance carrier in the U.S., with 25 percent of the market. The company will begin operations with one of the industry's strongest base of business customers and more than 22 million small business and residential customers.
  • Local
  • The WorldCom merger creates a company strongly positioned to fulfill the promise of the Telecommunications Act of 1996 and accelerate the onset of competition in the $100 billion U.S. local market. The new company will offer local service over its own facilities, including more than 9,000 route miles of local fiber, in 100 markets.
  • Global Presence
  • WorldCom, with offices in 65 countries, will be the second largest carrier of international voice traffic in the world. The combination of WorldCom, with its Pan-European network and expanding presence in Asia, and MCI, with joint ventures and alliances throughout North and South America, including Avantel in Mexico, Stentor in Canada and Telefónica de España in Latin America, positions WorldCom as a powerful competitor in the $670 billion global telecom market.
  • Internet/Data
  • MCI WorldCom will bring together the Internet expertise of UUNET and MCI to create one of the world's largest providers of Internet services with over 2,000 points-of-presence around the globe. The company's advanced portfolio of Internet/data services will include access, web hosting and development, intranet applications as well as high-speed virtual data services such as frame relay and SMDS.
  • Information Technology
  • MCI WorldCom will provide global customers with unparalleled networking strength and more than 20 years of experience in systems integration, superior outsourcing capabilities and technology support and implementation.
  • Shared Culture of Growth
  • Born outside of the monopoly Bell system, the new company will draw on the competitive skills and entrepreneurial mindset shared by MCI and WorldCom. Dedicated to opening markets to competition, the companies have focused on delivering benefits to their customers: lower prices, innovation and higher quality service.
  • Creating Shareholder Value
  • Through strategic investments and a targeted focus on the industry's biggest growth opportunities, MCI and WorldCom have consistently delivered shareholder value. WorldCom has created the best performing communications stock over the last 10 years while MCI has grown from a start-up to an $20 billion diversified communications company.
  • Integration Leader
  • MCI WorldCom will provide an unmatched set of integrated services, including local service in 100 markets, long distance, data, Internet and international.
Pro Forma Revenue 1998 $32 billion
Customers 22 million
Employees 70,000
International Presence More than 200 countries
Local Network Facilities 100 U.S. markets
Long Distance Market Share 25 %
 
WorldCom is a global telecommunications company. Operating in more than 50 countries, the company is a premier provider of facilities-based and fully integrated local, long distance, international and Internet services. WorldCom' s subsidiary, UUNET Technologies, Inc., is an international provider of Internet services with over 1,000 Points of Presence (POPs) throughout the United States and in Canada, Europe and the Asia-Pacific region. WorldCom's World Wide Web address is http://www.wcom.com.
 
The common and depositary shares of WorldCom trade on the Nasdaq National Market (U.S.) under the symbol WCOM and WCOMP, respectively.
 
Information contained in this release with respect to the expected financial impact of the proposed transaction is forward-looking. These statements represent the company's reasonable judgment with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially. Such factors include, but are not limited to, material adverse changes in economic and competitive conditions in the markets served by the companies, material adver se changes in the business and financial condition of either or both companies and their respective customers, uncertainties concerning technological changes and future product performance, and substantial delay in the expected closing of the transaction.
 

 

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