Feeds

MCI breaks free from Chapter 11

'A tribute to the human spirit'

  • alert
  • submit to reddit

Eight steps to building an HP BladeSystem

MCI/WorldCom has formally emerged from Chapter 11 bankruptcy protection today after spending the last two years clearing up the mess left behind from a damaging accounting scandal.

The US telco has now formally ditched the tainted name of WorldCom and is now known as MCI, Inc. Over the last two years the WorldCom name has been dragged through mud as the company battled to untangle itself from a web of financial lies.

Still today is not about that, well, not for MCI president and CEO Michael D Capellas. His take on today's announcement is that it's a new start, a clean sheet and a massive effort by everyone concerned.

"MCI's turnaround is a tribute to the human spirit and the amazing will of our 50,000 dedicated employees. This is a symbolic day for MCI employees, who have remained committed to serving our customers. I feel a great sense of pride for all we've accomplished together."

"We are emerging with a new board and management team, a sound financial position, unmatched global assets, a strong customer base and industry-leading service quality.

"Our emergence is not the finish line, it's the beginning of a new race. Somewhere between telecommunications and computing there's a new kind of company, and that's what MCI will be."

It's enough to bring a tear to a glass eye. ®

Related stories

MCI to axe 4,000 US jobs
MCI appeals ancient EC decision
WorldCom gets sums wrong by $74bn
Bernie Ebbers faces criminal charges
Worldcom allowed once more to bid for Federal contracts
Court waves through Worldcom bankruptcy plan

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.