{"id":3201,"date":"2005-04-09T18:46:40","date_gmt":"2005-04-09T18:46:40","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/verizon-closer-to-mci.html"},"modified":"2005-04-09T18:46:40","modified_gmt":"2005-04-09T18:46:40","slug":"verizon-closer-to-mci","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/voip\/verizon-closer-to-mci.html","title":{"rendered":"Verizon Closer To MCI"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt; mso-line-height-alt: 6.4pt\"><a href=\"http:\/\/www.thecarolinachannel.com\/money\/4363653\/detail.html\"><font size=\"2\">According to the Associated Press<\/font><\/a><font size=\"2\">:<\/p>\n<p><\/font><span style=\"COLOR: black\"><font size=\"2\">A potential obstacle has been removed in Verizon&#8217;s bid to acquire MCI.<\/p>\n<p>Verizon has announced that it&#8217;s paying $1.1 billion to acquire a 13.4 percent stake in MCI directly from the company&#8217;s largest single stockholder.<\/p>\n<p>Verizon and Qwest Communications have been battling for two months to win MCI &#8212; along with its national fiber-optic network and lucrative roster of government and corporate clients.<br style=\"mso-special-character: line-break\" \/><br style=\"mso-special-character: line-break\" \/><\/p>\n<p \/><\/font><\/span><\/p>\n<p class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt; mso-line-height-alt: 6.4pt\"><span style=\"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: \"Times New Roman\"; mso-fareast-font-family: \"Times New Roman\"; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA\">Although Qwest&#8217;s offers have been higher than Verizon&#8217;s, MCI&#8217;s board has rejected them out of concern about Qwest&#8217;s weak financial condition.<\/p>\n<p>The price Verizon is paying for MCI shares is still about 7 percent below Qwest&#8217;s latest offer.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Associated Press: A potential obstacle has been removed in Verizon&#8217;s bid to acquire MCI. Verizon has announced that it&#8217;s paying $1.1 billion to acquire a 13.4 percent stake in MCI directly from the company&#8217;s largest single stockholder. Verizon and Qwest Communications have been battling for two months to win MCI &#8212; along<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[191],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/3201"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=3201"}],"version-history":[{"count":0,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/3201\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=3201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=3201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=3201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}