Verizon and MCI confirm $6.7 billion fusion

Posted on Monday, February 14 2005 @ 19:28 CET by Thomas De Maesschalck
Verizon confirmed a $6.7 billion deal to acquire long-distance provider MCI.
Verizon Communications, which is primarily a regional player, will use MCI's nationwide and global Internet Protocol networks to help it reach out to MCI's business customers--a group among which Verizon has had little success. Enterprise customers could also help New York-based Verizon expand its wireless business, Verizon Wireless, a venture of Verizon Communications and Vodafone Group.
More details at Cnet

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