A U.S. bankruptcy court approved MCI’s plan of reorganization, setting the stage for the company’s emergence from Chapter 11. Michael D. Capellas, MCI chairman and CEO, said “as we see the industry fundamentals continue to shift, the future will be about the convergence of computing and telecommunications. And where these two worlds meet is where MCI will be.”http://www.mci.com
- WorldCom filed for Chapter 11 bankruptcy protection on 21-July-2002.
