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 that it has any desire to bid for MCI again.
Qwest knows better than to mess with a heavyweight like Verizon again. But all is not lost for Dick and Co. It is expected that they would get a few hand-me-downs from both SBC-ATT and Verizon-MCI as part of FCCs approval process.