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MCI WorldCom coughs up $200 million

Today's breaking news
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By Denise Pappalardo
Network World, 03/01/00

Cable & Wireless settled its legal spat today with MCI WorldCom.

MCI WorldCom agreed to pay Cable & Wireless $200 million in order to settle the law suit that Cable & Wireless filed last April. Cable & Wireless had accused MCI WorldCom of not providing important information regarding MCI's Internet business when Cable & Wireless acquired MCI's Internet business in 1998 for $1.75 billion.

Cable & Wireless had all along said that it intended to take the suit as far as it needed to, implying a court trial if necessary. But executives claimed they were glad the lawsuit was over and they were pleased with the settlement.

RELATED LINKS

Contact Senior Editor Denise Pappalardo

Other recent articles by Pappalardo

C&W sues MCI WorldCom
IDG News Service, 04/01/99.

C&W getting ISP act together
Network World, 09/13/99.

Cable & Wireless' troubled Internet road
Network World, 06/21/99.

Did Cable & Wireless get the shaft?
Network World, 04/05/99.


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