. Without substantial growth in overall demand, these companies could not survive the large traffic losses to the wireless carriers and the Bell companies alongside the sharp decline in average long-distance rates. WorldCom's Reorganization: MCI Redux The decline in carrier revenues shown in figure 6-4 has accelerated since 2001. The leading companies-AT&T, WorldCom (now MCI again), and Sprint-experienced a revenue fall of more than 11 percent a year between 2000 and 2004. The declines for AT&T and WorldCom (MCI) shown in table 6-5 are all the more surprising because they include the still rapidly growing local resale operations of each carrier using the UNE platform (see chapter 4). Given the continuing expansion of Bell company long-distance services as well as the continuing growth of wireless, there is no reason to expect revenues to stabilize. Indeed, the decline may even accelerate in the wake of the new bundled long-distance plans offered by the Bell companies and their expansion of activity in the large business or "enterprise" market from which they had been excluded by the interLATA restrictions. AT&T and WorldCom have dominated the enterprise market because the Bell The Death of Distance and of the Long-Distance Carriers Table 6-5. Long-Distance and Related Revenues for Leading Carriers, 2000-04 Billions of dollars/year Average annual growth Company 2004b (percent) -10.1 Sprint MCI (WorldCom) -13.4 Source: Company reports to the SEC. a. Includes some local service revenues, primarily through resale of ILEC services. b. Estimates based on three quarters. companies have been unable to offer services to these companies' diverse operations across LATA boundaries. This quarantine has now ended, and AT&T and WorldCom's share of this market is likely to decline substan- tially in the next few years. Neither Sprint nor MCI (WorldCom) has been able to earn any mea- surable profits from its long-distance operations at recent revenue levels. Even after ridding itself of most of its debt through bankruptcy, MCI re