« New GSM Treo 650 Firmware | Main | Chip Makers Roll Out VoIP »
May 05, 2005
The Aftermath of the MCI Contest
It ain't over until the fat lady sings, as you probably know.
To be sure, MCI's shareholders and Chief Executive Michael Capellas owe a debt of gratitude to Mr. Notebaert. His persistence kept forcing Verizon to raise its offer, which is now 25% higher than its original $6.75 billion agreement to acquire MCI in February
The Verizon-MCI combination isn't final until it is approved by MCI shareholders and state and federal regulators. There is concern that the industry's consolidation could lead to higher phone rates.
|
Related Products: |
Read more from this blogger: |
Posted on May 5, 2005 05:28 PM by verizo413.
Filed in Phones under verizon.
Permalink 
| Comments (0)
