Founder: Bernard Ebbers
Year Founded: 1983
Year Defunct: 2006
In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and 3 other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named chief executive officer. The company acquired over 60 telecommunications firms and in 1995, it changed its name to WorldCom.The company became a public company as a corporation in 1989 as a result of a merger with Advantage Companies Inc.The company name was changed to LDDS WorldCom in 1995, and relocated to Clinton, Mississippi.
The company grew rapidly in the 1990s, after completing several mergers and acquisitions. Worldcom’s first major acquisition was in 1992 with the $720 million acquisition of Advanced Telecommunications Corporation, outbidding larger rivals Sprint Corporation and AT&T to secure the deal, making Worldcom a larger player in the telecoms market.
Other acquisitions included: Metromedia Communication Corp. and Resurgens Communications Group in 1993, IDB Communications Group, Inc (1994), Williams Technology Group, Inc. (1995), and MFS Communications Company (1996), and MCI in 1998. The acquisition of MFS included UUNET Technologies, Inc., which had been acquired by MFS shortly before the merger with WorldCom. In February 1998, WorldCom acquired CompuServe from its parent company H&R Block. WorldCom then retained the CompuServe Network Services Division, sold its online service to America Online, and received AOL's network division, ANS. WorldCom acquired the corporate parent of Digex, Intermedia Communications in June 2001 and then sold all of Intermedia's non-Digex assets to Allegiance Telecom.
For a time, it was the second largest long distance telephone company in the United States, after AT&T. It filed bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers were convicted. In January 2006, the company was acquired by Verizon Communications and was later integrated into Verizon Business.
Modern sweatshirt, providing comfort with style. Soft cotton and high quality print make it instantly loved by all who wear it.
.: Stylish fit
.: 80% Soft cotton; 20% Polyester (fibre content may vary for different colors)
.: Medium Heavy fabric (9.9 oz/yd² (280 g/m²))
.: Tear away label
.: Runs true to size
.: Classic fit
.: 55% Cotton; 45% Polyester (fibre content may vary for different colors)
.: Medium fabric (7.5 oz /yd² (254 g/m²))
.: Tear away label
.: Runs bigger than usual