MCI has sold its Internet backbone business to Cable & Wireless (C&W) in a $625 million (#383 million) cash deal.
MCI was responding to pressure from the European Commission (EC) over its proposed merger with WorldCom. The EC is demanding that the telecoms companies divest some Internet holdings before permitting the merger.
C&W will take over MCI's 22 US domestic nodes, 15,000 interconnection ports, and more than 40 ongoing peering agreements, as well as network equipment such as routers and switches.
However, MCI has until 15 July to prove to European regulators that it has indeed sold its entire Internet business to C&W. Telcoms rival GTE has estimated MCI's Internet business to be worth closer to $4 billion (#2.5 billion), and a spokesman for the EC warned that "if we are not convinced by (15 July) there will be problems".
"The merged companies will have no more Internet traffic than WorldCom has on its own," argued Brian Brewer, senior vice president of marketing at MCI. "We are confident we have removed the hurdles (blocking the merger)."
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago