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March 13, 2002
Accounting issues
Under that deal, E.D.S. agreed to buy as much as $8.5 billion of communications services from WorldCom over 10 years. WorldCom, in turn, said it would hire E.D.S. to oversee its billing and other basic services, agreeing to pay E.D.S. as much as $7 billion in the same period. E.D.S. also agreed to buy a WorldCom unit for $1.6 billion, taking on more than 12,000 WorldCom employees. The question for analysts is how each company booked the nearly equal amounts of revenue from the deal.
- Nytimes
Posted at March 13, 2002 05:08 PMComments
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