Gekko

AS OFTEN happens after a merger announcement, the shares of Worldcom took a tumble after the announcement of the company’s combination with MFS Communications. Worldcom is a long-distance phone company whose telephone salespeople do not interrupt you at dinnertime. It specializes in serving commercial users, and has been grabbing market ‘ share from its bigger competitors. MFS Communications operates local fiber-optic networks that compete with companies such as the Baby Bells, and owns UUNet, an Internet service provider.

I’d always thought of Worldcom as takeover fodder for one of the Bells when they went into the long-distance business. Now it seems that the merged company will be a power on its own.

Featured Tags

European Central Bank

AS OFTEN happens after a merger announcement, the shares of Worldcom took a tumble after the announcement of the company’s combination with MFS Communications. Worldcom is a long-distance phone company whose telephone salespeople do not interrupt you at dinnertime. It specializes in serving commercial users, and has been grabbing market ‘ share from its bigger competitors. MFS Communications operates local fiber-optic networks that compete with companies such as the Baby Bells, and owns UUNet, an Internet service provider.

I’d always thought of Worldcom as takeover fodder for one of the Bells when they went into the long-distance business. Now it seems that the merged company will be a power on its own.