Qwest Catches A Break In Bid War For MCI

It looks like Qwest Communications has finally caught a break in the ongoing battle with Verizon for the takeover of MCI.

MCI today declared Qwest’s $9.9 billion offer to be superior to its $7.8 billion agreement with Verizon.

Qwest has been rejected three times, though Verizon’s offers have been lower. MCI maintained that Verizon offered the company better financial stability and growth opportunities.

Qwest has said that this was the company’s final offer. I assume we will see how true that is after Verizon makes its next move.

Verizon has been given until April 29 to come up with a better offer.

Chris is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.