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MCI WorldCom gears up for data growth

The nation's second-largest long distance provider primes itself to focus on data and new Internet services, businesses that are boosting the company's overall revenue growth.

MCI WorldCom agreed to a comprehensive computer services pact with Electronic Data Systems worth an estimated $17 billion, a deal that allows it to shed its lagging Systemhouse unit. The nation's second-largest long distance provider is now primed to focus on its skyrocketing data and new Internet services--businesses that are boosting the company's overall revenue growth.

EDS, MCI in $17 billion services deal
update In a deal rumored over the past several months, Electronic Data Systems and MCI WorldCom jointly agreed to a $17 billion computer services pact involving a swap of assets and 13,000 employees.

MCI WorldCom beats Street by a penny
Telecommunications giant MCI WorldCom announced better-than-expected fourth-quarter results, spurred by growth in demand for data and Internet services.

Data revenue boosts telcos' bottom line
Although the telephone may still be king, final figures from some of the country's biggest communications companies show that data revenue may soon eclipse revenue from traditional phone services.