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Verizon To Acquire MCI For $6.7 Billion

Posted by timothy on from the shifting-sands-of-time dept.

An anonymous reader submits "Even after a last minute offer from Qwest Communications, MCI board members accepted a less lucrative offer from Verizon to be bought for $6.7 billion in cash, stock and dividends. The acquisition comes after Nextel Communications and Sprint Corp. partnered up in a $35 billion deal and SBC Communications Inc. and AT&T Corp. announced a $16 billion merger plan. So, what's next for the telecom industry?"

3 of 282 comments (clear)

  1. Re:Merger Madness by Austin+Milbarge · · Score: 0, Flamebait

    and half of these companies' products still don't work 50% of the time. I call this the "Gates Epidemic"; Companies that make fortunes off of products that only have to work sometimes.

  2. MCI aka WORLDCON by Ars-Fartsica · · Score: 0, Flamebait

    and no, that is not a typo

  3. Re:What choice? by Macrat · · Score: 0, Flamebait

    What makes you think there is any choice in the US today?

    Same crappy service. Same crappy phones.

    All the good cell phone technology is OUTSIDE the US.