WorldComs revelations prompt calls for greater state control.
Calls for a strengthening of government control on the telephone industry echoed across the country Thursday, as a regulator and the role of guardian of consumers digested the revelation this week that WorldCom had perpetrated the greatest fraud l ‘history of the USA.The telephone company that sells distance services under the brand name MCI this week that the costs were wrong Pad gains of nearly $ 3.9 billion. Now, WorldCom, alongside the purchase of Overland Park, Sprint Corp., two years ago, faces a civil court of fraud by the Securities and Exchange Commission and is widely expected that bankruptcy.
Some said the scandal that broke confidence in telecommunications, already depressed by industry, government should wake up to the fact that the public telephone network requires greater public scrutiny.
We must not forget that the telecommunications company … with the public telephone network.
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