As expected, Qwest is giving up on MCI and instead will focus on buying smaller operators. Oh we said that earlier - Time Warner Telecom, XO, WilTel, Broadwing, TelCove, Level3 aare some of the names being thrown around. “Qwest has great arteries,” Denver- based telecom analyst Tom Friedberg told the Denver Post. “But it doesn’t have any capillaries to feed the network.”
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[...] Five months after calling it quits, and with FCC approval of the Verizon-MCI merger on cards, Qwest is reconsidering making a hostile bid for MCI, reports Denver Post. The new interest is prompted by hedge fund Deephaven Capital Management which is lining up support to put a dagger into the Verizon-MCI deal. MCI shareholders vote on the deal on October 6, 2005. Lot of people it seems are upset with MCI’s decision to spurn Q’s $9.75 billion offer in favor of a $8.44 billion Verizon bid. And just when you thought, things were settling down in the telecom world…. Update: Qwest denies desire to bid for MCI again. In Wired Posted Tuesday, September 27, 2005 at 8:10 AM PT [...]
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