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Many Phones Are Ringing At Mci


In Business This Week

MANY PHONES ARE RINGING AT MCI

MCI COMMUNICATIONS IS IN the throes of metamorphosis. Congress may soon let the Bell companies into MCI's backyard, the $70 billion long-distance business. In advance of the new competition, MCI announced plans on Aug. 2 to lay off up to 6% of its 42,000-person workforce and write off up to $800 million in old plants and equipment. It's also gearing up to crash the wireless party this year, announcing agreements with five companies, including AT&T's McCaw division, to resell service under its brand name. And MCI is considering breaking up its stock into three new entities.EDITED BY KEITH H. HAMMONDS


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