MCI WorldCom To Buy FCC
By Ed 'Hack' Wheely
Posted on October 6, 1999 9:16 am, in News Byproducts
Jackson (NBp) - After MCI WorldCom announced its plan to merge with Sprint yesterday, they needed to immediately start figuring out how to deal with potentially negative reactions from the government. Today, they reached an agreement to purchase the Federal Communications Commission from the US government.
"This is a purchase I wish I had made years ago," announced Bernie Ebbers, WorldCom CEO. "By buying the FCC, we can now buy more companies and it will be easier than ever before!"
Under terms of the deal, each taxpayer will receive $100 in free long distance. This values the deal at about $10 billion in free long distance services. Of course, you must be a WorldCom customer to take advantage of the offer.
The FCC announced today that they did not see any problems with No. 2 WorldCom buying No. 3 Sprint. Nor, do they see any problems with WorldCom buying Nos. 4, 5 and 6, which WorldCom announced plans to do on a whim.
In an unrelated story, the FCC announced today that AT&T's license to operate has expired.