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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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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