Worldcom

CLINTON, Miss.—WorldCom will reportedly exit the U.S. wireless resale business during the coming months. The San Francisco Chronicle said it obtained a letter from WorldCom’s general counsel to several key …

CLINTON, Miss.—WorldCom Inc. will reportedly exit the wireless resale business during the coming months. The San Francisco Chronicle said it obtained a letter from WorldCom’s general counsel to several key …

CLINTON, Mass.—Bernard Ebbers resigned his position as president, chief executive officer and director of WorldCom Inc. The resignation came as WorldCom’s stock had fallen from more than $60 share a …

CLINTON, Miss.—WorldCom Group announced it will cut 3,700 jobs, affecting six percent of WorldCom Group’s work force, or four percent of WorldCom Inc.’s overall work force, but not MCI Group. …

IDT Corp., a familiar face in the wireless broadband industry as the former suitor of Teligent Inc., successfully bid $42.5 million for Winstar Communications Inc. after several tumultuous days of …

NEWARK, N.J.—IDT Corp., the former suitor of Teligent Inc., said it will acquire Winstar Communications Inc. for $42.5 million after several tumultuous days of negotiations. Lawyers for Winstar were planning …

HARTFORD, Conn.—Law firm Schatz & Nobel filed a lawsuit in the U.S. District Court for the Northern District of California on behalf of purchasers of Metricom Inc. common stock. The …

WASHINGTON—The Federal Communications Commission (FCC) took the 2500 MHz band out of consideration for third-generation (3G) wireless services, but relaxed rules to allow mobile use of frequencies previously limited to …

Vyyo Inc. reduced its work force by approximately 75 percent to less than 50 employees due to “uncertainty in the fixed wireless market and deteriorating economic conditions,” according to John …

NEW YORK-Verizon Communications and SBC Communications Inc. held onto their respective first- and second-place rankings for profitability for 2000, according to research from Standard & Poor’s. Deutsche Telekom-which was not …

It took just one year for the hype and optimism to come crashing down on Metricom Inc., which now finds itself choking on nearly $1 billion in debt and seeking …

BOSTON-It may be a little battered and bruised, and missing a few former compatriots, but the wireless broadband industry made a strong showing in Boston last week at the Wireless …

Intense lobbying-both for and against-on a bill that would allow the Baby Bells to offer long-distance data services continued last week as action occurred or was announced in the House …

NEW YORK-WorldCom Inc. shareholders approved June 7 the creation of separate tracking stocks, which pursued separate pricing paths at the close of their first day of trading on Nasdaq June …

WASHINGTON-An upcoming House bill could diminish the Pentagon’s role in deciding the terms and conditions governing the transfer of Department of Defense spectrum to the mobile-phone industry for third-generation wireless …

Deutsche Telekom’s recent acquisition of U.S.-based GSM operator VoiceStream Wireless Corp. again showed the ever-shrinking nature of the wireless industry. Including United Kingdom-based Vodafone Group plc’s partial ownership stake in …

“Advanced messaging services.” It’s the catch phrase for the wireless messaging industry today, with most major companies betting everything that services like wireless e-mail access, Internet information and two-way paging …

NEW YORK-Good news for carrier access to capital arrived from the debt markets May 9 as WorldCom Inc. broke a record for debt deal size by a U.S. corporation and …

If teens remain `talkaholics’ and have fun doing it, Voyant Technologies wants to provide the fuel. With an instant voice-messaging solution in a next-generation environment, the company thinks it is …

It may seem unbelievable now, but there was a time, not too long ago, when having spectrum that cost millions of dollars was looked upon as a good thing when …

WASHINGTON-Jeb Bush, the Florida governor who figured big in the controversial electoral victory that proved decisive in getting his brother elected president, has entered the political fray over third-generation mobile-phone …

WASHINGTON-The Federal Communications Commission is wading through competing comments and competing economic studies as it decides whether to eliminate the cap that limits the amount of spectrum a company can …

WASHINGTON-The telecommunications industry is questioning whether the nearly half-million dollars it has paid to a nonprofit consultant to the government on numbering issues is kosher. The Federal Communications Commission is …

NEW YORK-Rural carriers, with operating histories often many decades old, appear poised at the forefront of the strategy for long-term growth based on bundled or converged services. Seeking to be …

The plan is ambitious, to say the least. Metrocall Inc. and WebLink Wireless Inc. announced last week a plan to merge by concurrently filing for Chapter 11 bankruptcy, a business …