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Following a November earnings warning and stock tumble in which WorldCom’s share price fell 20 percent, the telco has told the four shops vying for its $75 million long-distance consumer account to sit tight until it re-evaluates aspects of the business, sources said.
A decision had been expected in December, but the contenders were notified just before the holidays that a selection would be postponed.
Meanwhile, Leo Burnett in Chi-cago has emerged as the previously undisclosed shop in the review.
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