Slashdot Mirror

← Back to Stories (view on slashdot.org)

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?"

4 of 282 comments (clear)

  1. Re:MCI... by k4_pacific · · Score: 0, Redundant

    Yeah, they made a bad name for themselves, so they changed it.

    --
    Unknown host pong.
  2. Oh good... by TOWebstress · · Score: 1, Redundant
    More people get subjected to that stuff that Verizon refers to as "customer service."

    Attn: MCI customers, carve out a few hours to sit on hold should you require assistance. Then expect the run-around. Repeat ad nauseum.

    --
    You see the look on my face, and yet you keep talking.
  3. re-monopolization by plimsoll · · Score: 0, Redundant
    "So, what's next for the telecom industry?"

    They'll merge back into Ma Bell.

    --
    Snickersnee3: Build your own 3-watt Luxeon Star headlamp from scratch
  4. Ma Bell by Efialtis · · Score: 0, Redundant

    I don't know how many of you remember old Ma' Bell... the major Bell Corporation that included SBC, Pacific Bell, Mountain Bell, etc...

    But when the Helpful Government came in and decided that $0.10 was too much to pay for a payphone call, and broke old Ma' Bell into the "baby bells"...

    Do ya think they actually helped?

    The marked can only handle so many choices...and we can now see, with the mergers of all the variety of phone companies, that limit had been passed...

    Now everything is merging again...and soon, we may end up with another version of the old Bell...only, everything will be far more expensive.

    --
    --E--