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Verizon to buy MCI in $36.7 billion deal
Verizon Communications strikes a $36.7 billion takeover of MCI Inc, creating a national long distance and network services giant. The pact, valued at $20.78 a share for MCI, includes cash and stock and aims to boost corporate customers and fiber networks while weighing thousands of job cuts over three years. Regulators face a yearlong review as competition reshapes the U.S. telecom landscape with rivals SBC and BellSouth.
MENTIONED IN THIS ARTICLE
New York
At&t
MCI
Advanta
Alternatiogejally
Sik
David Wallis
Meta Growthe
Stamford
Conn
Verizon
Vole
ATV
Inge Bd Greene
Bernard Ebbers
WerhlGon Inc
MCT
Michael D. Capellas
Compaq Compnater Corp
Thas
Hewlett-Packard Co
H-P
Carly Fiorina
San Antonio
SAC
ATRT
SBC
Southwest
Midwest
California
ATGT
Ball Sac
Verizon-Mci
Capellas
Qwest
Gayest
Rocky Mountains
Pacifth West
Nasilay
New York Stock Exchange
McUs
Filso
Weagon
Supwider