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iOwnSomeNVEI

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iOwnSomeNVEI

Re: iOwnSomeNVEI post# 31026

Monday, 02/14/2005 2:07:10 AM

Monday, February 14, 2005 2:07:10 AM

Post# of 78730
Verizon to buy MCI for $6.8 billion - sources

PHILADELPHIA, Feb 14 (Reuters) - Verizon Communications Inc. is expected to buy MCI Communications Inc. for about $6.8 billion in a move to provide more telephone and data services to large corporations, sources familiar with the situation said on Monday.

Verizon's proposal was lower than a $7.3 billion bid from rival local telephone company Qwest Communications International Inc. , sources said.

The MCI-Verizon agreement is expected to be announced on Monday morning following final approval of the boards of directors' of both companies, sources said.


02/14/05 00:42 ET


If you don't have the time to do something right, where are you going to find the time to fix it?

-Stephen King

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