MCI may lose 137 million dollars in US government contracts

Nambe

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-11-03 12:03 PM
Original message

MCI may lose 137 million dollars in US government contracts

Business - AFP

Bankrupt telecommunications group, MCI -- the former WorldCom -- said it might lose up to 137 million dollars in profits after being barred from US government contracts.

The troubled telecoms group said it has has been barred from government projects until it strengthens its financial controls and improves business ethics.

The 137 million dollar loss is a worst case scenario facing MCI if it does not reform its practices by 2005.

The financial impact would be softer if the company reforms prior to 2005, the company said in a filing to the Securities and Exchange Commission. ---

We are going to change history -- we're going to have a ton of fun doing it.

Printer Friendly | Permalink | | Top

hedda_foil

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-11-03 12:33 PM
Response to Original message

1. Yeah, but will that include the Pentagon's contract with them?

That little sweetheart deal that gives them the Iraqi telecom infrastructure?

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Fri May 10th 2024, 10:46 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.