MCI Buyout: Complete Coverage


MCI, after putting itself up for sale, finds itself in middle of a fierce battle between Verizon, Qwest and its shareholders. I am tracking the story on an ongoing basis – stay tuned here for the latest updates…

* Battle for MCI, Gloves Come Off
* Qwest Guns for MCI Again
* Qwest opens the MCI deal kimono
* The ABC of The MCI-Verizon Deal
* MCI CEO – just making up numbers?
* MCI Frenzy, It ain’t over yet
* Qwest Offers $7.3 billion for MCI
* More Telecom Mergers Ahead
* M&A Madness in telecom land
* Telecom: Party like its 2005
* Sordid Saga of MCI
* Verizon buys MCI for $6.8 billion


Om Malik

I don’t see any reason why Verizon would even want MCI, and at more than $6B ??? MCI operates at a loss, and its revenue is down YOY. If Verizon wants to get a national or even global network, why not buy Global Crossing? Didn’t Singapore Tech only pay $250MM for more than 60% of equity share of GC? If I owned Verizon stock, I would definitely get out. This is just too much $ to waste.

Om Malik

qwest wants their money and use their losses to clean up its balance sheet. there is nothing else there in MCI which in my opinion is losing more business in the enterprise space, than people realize

David Kornahrens

Fierce battle?

I don’t think so. VZ made an offer and MCI accepted it. BFD.

Qwest stomps it feet, but nobody cares, Q is impetent and doomed anyway.

I seriously doubt if VZ is worried or even thinking about changing its bid.

This deal is done.

Now what would be news not just the typical hysterical noise is what are the current VZ-MCI breakup terms.

If the breakup fee is $2B, then qwest would have to offer more than $9B just to improve the return for MCI shareholders.

(this is just an example, but I suspect VZ has clauses to effectively lockout other bidders.)

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