Verizon and MCI confirm $6.7 billion fusion

Posted on 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

About the Author

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.

Thanks. Your comment is waiting for moderation.

Your comment was published.

Human verification failed. Please try again.

Check your name and comment, then try again.

That name is reserved. Please choose another.

Comments (0)

No comments yet.

Share this story!

Verizon and MCI confirm $6.7 billion fusion

About the Author

Comments (0)

Leave a comment

Latest reviews