CLINTON, Miss.—WorldCom Inc. will reportedly exit the wireless resale business during the coming months.
The San Francisco Chronicle said it obtained a letter from WorldCom’s general counsel to several key sales agents stating the wireless resale business “is not consistent with its core strategic business interests,” and that “WorldCom Wireless will not be playing a role in the company’s long-term plans.”
WorldCom has about 1.7 million wireless subscribers nationwide. The company’s subscribers use other carriers’ networks, while WorldCom handles the billing and customer service.
WorldCom’s share value crashed this year, and the company is struggling to find a way to repay approximately $30 billion in debt.
