Feb 3, 2005 : Qwest, MCI in Merger Talks, Reports Say
📅 - Qwest Communications (qwest.com 👉 Total Reviews: 1
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 1
👈 Official Responses: 0 -> lumen.com) is reportedly in talks with MCI (mci.com) about a potential six billion dollar takeover, creating the possibility for another major telecommunications sector merger.
MCI is said to be considering the Qwest offer, but may hold out for a more lucrative one. The company has reportedly been involved in preliminary discussions with Verizon Communications (verizon.com), which has not yet decided on whether it will make a formal bid or not.
MCI, reports say, has been looking for a buyer for several months. However, the recent SBC acquisition of AT&T appears to have intensified the pursuit of MCI.
Like AT&T, MCI is an attractive asset because of its extensive national infrastructure and strong corporate customer base. MCI also has strong Web hosting capabilities, bolstered by a strong enterprise hosting base built through its acquisition of Digex.
Qwest is worth approximately $7.7 billion, but reportedly has $17.2 billion in debt.
MCI, Qwest and Verizon have all turned down media requests for comment.
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 1
👈 Official Responses: 0 -> lumen.com) is reportedly in talks with MCI (mci.com) about a potential six billion dollar takeover, creating the possibility for another major telecommunications sector merger.
MCI is said to be considering the Qwest offer, but may hold out for a more lucrative one. The company has reportedly been involved in preliminary discussions with Verizon Communications (verizon.com), which has not yet decided on whether it will make a formal bid or not.
MCI, reports say, has been looking for a buyer for several months. However, the recent SBC acquisition of AT&T appears to have intensified the pursuit of MCI.
Like AT&T, MCI is an attractive asset because of its extensive national infrastructure and strong corporate customer base. MCI also has strong Web hosting capabilities, bolstered by a strong enterprise hosting base built through its acquisition of Digex.
Qwest is worth approximately $7.7 billion, but reportedly has $17.2 billion in debt.
MCI, Qwest and Verizon have all turned down media requests for comment.
Reads: 1900 | Category: General | Source: TheWHIR : Web Host Industry ReviewsURL source: http://www.thewhir.com/marketwatch/qwe020305.cfm
Company: qwest [qwest.com -> lumen.com]
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