Also, the relatively small decline reflects the fact that MCI has increased local phone service to residential customers, offsetting losses in long distance, company officials said.
``We're systematically going to back off, but it's very hard for us to answer when,'' Capellas said, because the company wants to react as market conditions evolve.
For the first6 nine months of the year, the company lost $3.86 billion, or $12.00 a share, on revenue of $15.7 billion. In the first nine months of 2003, it earned $5 million on revenue of $18.7 billion.
The $3.5 billion asset writedown, which accounts for 91 percent of the company's annual losses so far this year, follows a $60 billion writedown earlier this year associated with the company's emergence from bankruptcy and clearing its books of a multi-billion dollar accounting fraud that occurred in its WorldCom days.
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