World Com: An International Company's Questionable Ethics
WorldCom was born in 1983 with the name LDDS (Long-Distance Discount Service) in Clinton, Mississippi. In 1985 Early investor Bernard Ebbers becomes chief executive officers (CEO) of LDDS. The company became public in August 1983 with the acquisition of Advantage Companies Inc. In 1993 LDDS acquired long distance providers Resurgens Communications Group and Metromedia Communications in a three-way stock and cash transaction that created the fourth-largest long distance network in the United States. The company was changed to LDDS WorldCom in 1995 and later just WorldCom when LDDS acquired voice and data Transmission Company Williams Telecommunications group in an all-stock deal.
From 1993 to 2000 WorldCom bought or merged the following companies:
• Advanced Communication Corp. (1992)
• Metromedia Communication Corp. (1993)
• Reurgens Communications Group (1993)
• IDB Communications Group, Inc. (1994)
• Williams Technology Group, Inc. (1995)
• MFS Communications......
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