Qwest Boosts MCI Bid

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
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Qwest Boosts MCI Bid

The USA Today reports this new amount in the single-sided bidding war. Verizon, instead of increasing the offer price has sent a seven-page 'scorching," letter painting Qwest as a fragile merger partner as its debt load is $17.3 billion and its debt is rated as junk by major agencies. The Verizon argument is that Qwest stock will be more volatile than Verizon.

At play are two sides that may be opposing. MCI employees and shareholders. What may be good for the shareholders in the short term may not be good for employees over time. Verizon gave MCI two weeks to negotiate with Qwest and the deadline is today. Stay tuned for developments on this breaking MCI, Qwest, Verizon story.



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