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Qwest Faces Rejection From MCI Once Again

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MCI has rejected Qwest once again with their offer of $9.1 Billion which Qwest claims is superior to Verizon’s offer.

Verizon recently sent MCI a letter saying that Qwest’s offer was inferior and that Verizon would back out if MCI accepted it.

A BBC article says:

“The rejection of Qwest’s offer marks the third time MCI has opted to back Verizon’s bid.

The company has said its prospects were better served under Verizon, which is the largest US telecoms operator.

MCI said Qwest’s offer was unpopular with its customers, and added it was concerned with cost-saving assessments attached to the bid.”

Qwest is optimistic that MCI shareholders who agree that Qwest gave the better offer, will come to the company’s rescue.

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Qwest Faces Rejection From MCI Once Again
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