GSA: WorldCom can compete for new comm deals

• By William Jackson
• Jan 08, 2004

WorldCom Inc. has agreed to three years of federal oversight in exchange for General Services Administration permission to compete for new government business.

The Jan. 7 decision followed five months of investigation by GSA's suspension and debarment officer. GSA concluded the company had cleaned up its act since 2002, when accounting fraud and massive losses came to light. But GSA also decided it should monitor the company's efforts to improve. WorldCom will make reports to GSA through January 2007.

The company expects to emerge from bankruptcy this year but still is under investigation by GSA, the Federal Communications Commission, the Justice Department and Oklahoma.