Fallen telecoms giant WorldCom has announced plans to change its name, move offices and emerge from US bankruptcy.

It has also appointed a new chief financial officer, Robert Blakeley.

The second-largest US long-distance telecoms operator last year filed the world's largest bankruptcy after a $9bn (£5.7bn) accounting scandal was unearthed.

The deal will see the company renamed as MCI and given over to its creditors, who are owed $3.5bn-4.5bn.

MCI is the name of its domestic long-distance telephone unit.

Under cowboy-booted former chief executive Bernie Ebbers, the company embarked on a debt fuelled acquisition spree that spectacularly imploded after accounting irregularities were exposed.

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