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Qwest Backs Out of Fight for MCI

After months of back-and-forth offers to try and buy MCI Inc., Qwest Communications International Inc. has pulled out of the fight for the ailing carrier, which stands to be acquired by Verizon Communications Inc. Qwest Chairman and CEO Richard Notebaert at a shareholders meeting yesterday told attendees, [W]e arent looking at MCI. Thats over. Notebaert […]

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