A group of WorldCom shareholders claim that 2,500 customers of the troubled telco plan to cancel their long-distance or internet service with the "new MCI" if the company's current bankruptcy reorganisation plan is approved.
Neal Nelson, a spokesman for the WorldCom/MCI Stockholder Group, said: "The current plan would essentially eliminate the company's debt.
"But it would also transfer 100 per cent ownership of the 'new MCI' to the current bondholders and leave the current WorldCom and MCI stockholders with nothing.
"The stockholders favour an alternative plan with partial debt reduction, where the bondholders would take over partial ownership of the new company and the original stockholders would be given some equity in the new firm.
"Through total domination of the bankruptcy committees the bondholders have prevented consideration of a compromise plan.
"The only avenue left for effective protest against the current plan is to threaten a boycott of the 'new MCI'."
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