ITT Educational Services, Inc. (ESI) was spun off through an IPO in 1994, with ITT as an 83% shareholder. (In September 2016 ESI announced plans to close all of its 130 Technical Institutes in 38 states, because their students were no longer eligible for Federal aid.) ITT merged its long-distance division with Metromedia Long Distance in March 1989, creating "Metromedia-ITT". Metromedia-ITT would eventually be acquired by Long Distance Discount Services, Inc. (LDDS) in 1993. LDDS would later change its name to Worldcom in 1995.