MCI Inc. is continuing merger discussions with Qwest Communications International Inc.
Verizon Communications Inc., which entered a $6.75 billion agreement last month to acquire MCI, said it has agreed to allow MCI and Qwest to continue talks through March 28. Denver-based Qwest, a regional phone company in 14 states, has made an $8.45 billion bid to acquire MCI.
MCI’s board has determined to continue its discussions with Qwest and has instructed its advisors and management to begin this process promptly, MCI said Wednesday in a statement.
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July 16 2018 @ 18:55:06 UTC