MCI Cuts 2003-2005 Revenue Forecasts

In a supplementary filing with the U.S. Bankruptcy Court, MCI said its 2003-2005 revenue is now projected to be $24.5 billion, $24.6 billion and $25.0 billion respectively. This compares to previously projected 2003-2005 revenue of $24.7 billion, $25.8 billion and $27.8 billion respectively. MCI predicted that the revenue reductions would be primarily in its consumer and small business segments, reflecting intense pricing competition fueled by new entries of unlimited bundles, aggressive new DSL offerings and rapid adoption of national Do Not Call legislation. MCI said these impacts have reduced consumer and small business effective rates in key markets by as much as 40% since April 2003.
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