Stories about: Intermedia Communications

WorldCom Inc.'s Chief Executive Officer Bernard Ebbers came out swinging on a conference call with investors following the company's release of fourth quarter and annual financial reports Thursday morning, trying to dispel market rumors of the company's financial troubles.

WorldCom and Sun Microsystems announced a joint marketing and sales agreement Monday to promote global hosting product and service offerings for enterprise customers.

Pricing pressures and stiff competition hurt net income for WorldCom Inc., the company said in its earnings announcement Thursday for the second quarter. The company reported lower net income for its data services division than in the same quarter of last year, and a loss for its long distance business compared to profits last year.

Web-hosting provider Exodus Communications Inc.'s announced acquisition of competitor GlobalCenter Inc. could boost Exodus' offerings in the managed services arena, according to industry experts.

Exodus Communications announced Thursday that it is acquiring GlobalCenter, a unit of Global Crossing, for $US6.5 billion in stock -- a deal that was initially axed in July. The deal, which has been approved by both companies' boards of directors, is expected to close in the first quarter of 2001. Exodus and GlobalCenter are leading providers of Web hosting services to businesses around the globe.

France Télécom SA and Global One Communications Inc., its wholly owned Reston, Virginia-based subsidiary, announced plans Tuesday for a 15,000-mile (24,000 kilometers) transmission backbone network that will connect 28 major cities in the U.S. and Canada. The network will be connected to France Télécom's pan-European backbone network, which was opened in October of last year, the companies said.

Intermedia Communications Inc. just launched IntermediaOne, a service bundle that includes voice, data, Internet access and unified messaging.

To intensify its push into data services and hosted applications, WorldCom Inc. this week moved in on Tampa, Fla.-based Intermedia Communications Inc. with a $6 billion deal that will give the carrier controlling interest in Web-hosting powerhouse Digex Inc.

Florida has launched a public/private initiative to digitally link underserved children from inner cities and rural regions.

WorldCom Inc.'s planned $3 billion acquisition of Intermedia Communications Inc., which WorldCom announced yesterday is the first step in what some analysts predict will be a series of investments by telecommunications companies in the volatile application service provider (ASP) market.

WorldCom Inc. announced Tuesday yet another acquisition, this time buying up Intermedia Communications Inc. in a deal worth $6 billion.