WorldCom, which is in bankruptcy protection after being rocked by an accounting scandal that has reached $11 billion. The allegations were made by AT&T Corp., SBC Communications Inc. and Verizon Communications Inc.
The company “is committed to providing all necessary company resources and its full cooperation to the review,” WorldCom said in a statement. The company plans to change its name to MCI after emerging from bankruptcy.
AT&T, the biggest U.S. long-distance carrier, accused WorldCom of improperly diverting U.S. calls, including those by government agencies, to Canada to avoid hefty connection fees, adding millions of dollars to AT&T’s expenses and luring away lucrative clients.
