By Jon Bernstein, 1 July 2002 10:33
NEWS The European arm of disgraced telco WorldCom will have to negotiate an uncertain future without its biggest asset - its customer base. According to accounts filed at Companies House - and discovered by the Independent on Sunday - WorldCom Europe sold its user-base back to its parent company for £70m within the last year. The move will make it less attractive to a potential buyer. WorldCom's European telecoms assets are currently valued at £508m but bidders can expect to pick it up for a fraction of that figure. WorldCom's UK customers are thought to include BP and the London Stock Exchange.
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