gee (plural gees) 1  The name of the Latin-script letter G/g. ( 2 slang) Abbreviation of grand; a thousand dollars. ten gees. ( 3 physics) Abbreviation of gravity; the unit of acceleration equal to that exerted by gravity at the earth's surface. ( US, slang) A guy.
Founded in 1963, it grew to be the second-largest long-distance provider in the U.S. It was purchased by WorldCom in 1998 and became MCI WorldCom, with the name afterwards being shortened to WorldCom in 2000. WorldCom's financial scandals and bankruptcy led that company to change its name in 2003 to MCI Inc. The MCI name disappeared in January 2006 after the company was bought by Verizon.
Verizon began negotiations to purchase long distance carrier MCI in 2005. MCI accepted the company's initial $6.75 billion offer in February 2005, but then received a higher offer from Qwest Communications. Verizon increased its bid to $7.6 billion (or $23.50 a share), which MCI accepted on March 29, 2005.erizon had been charging its customers, even those with unlimited plans, $20 per month for tethering. As part of the settlement, Verizon made a voluntary payment of $1.25 million to the U.S. Treasury.