...On MCI's Woes
LOCAL PHONE BUSINESS
MCI faces $800 million in losses this year--twice the level anticipated--and it will likely incur up to $1 billion in losses in 1998.
LONG-DISTANCE SERVICE
MCI saw calling growth drop to a market-lagging 4% in the first quarter. New entrants are pushing down prices and putting pressure on market share of MCI and AT&T.
WIRELESS PHONE SERVICE
Unlike rivals AT&T and Sprint, MCI chose not to build a wireless network. Instead, it is buying capacity from NextWave Telecom, a company now facing financial woes.
SATELLITE VENTURES
MCI's $682 million investment in a satellite slot for Rupert Murdoch's direct-broadcast satellite venture has yet to pay off.
Return to main story
| 
