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Content from CNET tagged with

Verizon Communications [x] , MCI Inc. [x]

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News Stories

Showing 1-20 of 34 results found

Verizon moves forward after merger

January 24, 2006 Telephone company begins marketing to the old MCI business clients as it distances itself from the old MCI and moves on. TAGS: MCI Inc., Verizon Communications, merger, AT&T Corp., VPN, brand

Verizon wins latest--and final?--bid for MCI

March 29, 2005 After a month of offers and counteroffers from Qwest, MCI says it is sticking with Verizon. TAGS: MCI Inc., Qwest Communications Inc., Verizon Communications, bid, offer, shareholder

MCI shareholders approve Verizon merger

October 6, 2005 Eighty-eight percent vote in favor of the deal. Focus is now on obtaining regulatory approval. TAGS: MCI Inc., merger, shareholder, Verizon Communications, Qwest Communications Inc.

Verizon closes book on MCI merger

January 6, 2006 The saga of Verizon's $8.44 billion buyout of long distance carrier MCI finally ends. The CEO prepares to depart. TAGS: MCI Inc., Verizon Communications, Michael Capellas, AT&T Corp., merger, high-speed Internet access, acquisition, Internet access, CEO, U.S., TV

Qwest readies new offer for MCI

February 22, 2005 Qwest is expected to take another shot at buying MCI sometime this week. TAGS: Qwest Communications Inc., MCI Inc., offer, investor, Verizon Communications

Report: Talks progress between Verizon, MCI

February 11, 2005 Just last week, Qwest was the noted suitor. But Verizon has elbowed the other Bell out of the way--at least for now, a report says. TAGS: MCI Inc., WorldCom Inc., Verizon Communications, Qwest Communications Inc., telecommunications company, carrier, AT&T Corp., telecommunications

MCI chief to get $5 million bonus

March 4, 2005 Michael Capellas is being rewarded for his efforts to guide MCI out of bankruptcy and into the arms of Verizon. Or Qwest. TAGS: Michael Capellas, MCI Inc., Qwest Communications Inc., bonus, bankruptcy, incentive, Verizon Communications

Qwest move could keep MCI bid alive

February 17, 2005 The carrier has released details of its rejected offer for MCI. Could it be angling for a second chance? TAGS: MCI Inc., Qwest Communications Inc., offer, bid, shareholder, Verizon Communications

Report: Verizon makes play for MCI

February 10, 2005 Verizon is cozying up to MCI as it looks to compete with the SBC/AT&T telecom combo. TAGS: MCI Inc., Qwest Communications Inc., Verizon Communications, telecommunications, offer, Sprint Nextel, SBC Communications Inc., AT&T Corp.

MCI acquires Totality

August 3, 2005 Long-distance giant continues to acquire companies even as it prepares its mega merger with Verizon. TAGS: MCI Inc., acquisition, merger, Verizon Communications, Web hosting, asset

Verizon, Qwest still fighting for MCI

March 16, 2005 Verizon says its rival's efforts have "a desparate quality." Qwest may be readying new offer, report says. TAGS: Qwest Communications Inc., MCI Inc., shareholder, Verizon Communications, bid, offer, asset, CEO

Qwest continues its fight for MCI

February 18, 2005 Qwest CEO sends letter to MCI's board requesting more information about Verizon's bid so that his company can prepare counteroffer. TAGS: MCI Inc., Qwest Communications Inc., WorldCom Inc., offer, Verizon Communications, merger, letter, fight, carrier, advisor, CEO

Writing the right ending to the MCI saga

April 5, 2005 Stanford economist Gregory Rosston says it shouldn't matter to MCI whether Qwest or Verizon pays. There's only one question: Is $8.9 billion larger than $7.6 billion? TAGS: MCI Inc., Qwest Communications Inc., stock price, Verizon Communications, antitrust, bid, bankruptcy, factor, risk, shareholder, Google Inc.

Qwest waits by phone for MCI to call

February 28, 2005 Afraid of having no date for the telecom merger ball, smallest Baby Bell looks to revise its offer. TAGS: Qwest Communications Inc., MCI Inc., Legg Mason Inc., offer, bid, Verizon Communications, merger, pricing

DOJ approves telecom megamergers

October 27, 2005 U.S. Department of Justice gives the green light on the Verizon-MCI merger and the SBC-AT&T transaction. TAGS: MCI Inc., SBC Communications Inc., approval, AT&T Corp., Verizon Communications, merger, telecommunications, building, telephone company, U.S.

MCI chief's severance deal nears $40 million

September 2, 2005 Should he leave Verizon post-merger, Michael Capellas stands to get a package far sweeter than the one he got when he departed HP. TAGS: Michael Capellas, MCI Inc., merger, WorldCom Inc., salary, shareholder, bonus, Verizon Communications, HP

Qwest to turn up heat on SBC-AT&T merger fight

April 25, 2005 Letter to FCC says merger would result in higher prices, reduced service quality, and fewer choices for customers. TAGS: Qwest Communications Inc., MCI Inc., merger, SBC Communications Inc., AT&T Corp., Verizon Communications, California

Verizon, MCI to link up in $6.7 billion deal

February 14, 2005 Valentine's Day betrothal will give regional titan Verizon access to MCI's worldwide long-distance and IP networks. TAGS: MCI Inc., Verizon Communications, telecommunications, BellSouth Corp., acquisition, wireless carrier, telephone company, merger, carrier, AT&T Corp., CEO, IP

MCI, Qwest edging toward deal?

February 4, 2005 Long-distance carrier, Baby Bell could reach an agreement as early as next week, according to reports. TAGS: MCI Inc., Qwest Communications Inc., telecommunications, BellSouth Corp., AT&T Corp., acquisition, agreement, Verizon Communications, IP

Merger mania promises fewer, bigger telcos

February 7, 2005 Merger after merger, the market is contracting rapidly--with widespread speculation about what'll happen next. TAGS: MCI Inc., Qwest Communications Inc., merger, BellSouth Corp., Sprint Nextel, Verizon Communications, SBC Communications Inc., telecommunications company, exec, telecommunications, acquisition, AT&T Corp., cell phone
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