MCI restates 2000 and 2001 financial results

Bankrupt US telecoms firm MCI, formerly known as WorldCom, today restated its 2000 and 2001 financial results, reducing its combined pre-tax profits by $74.4bn (€61.02bn).

The company, which also filed its 2002 results, said it is still working on its 2003 financial statements and now expects to emerge from bankruptcy protection in April.