Verizion Gives MCI Two Weeks

Verizon is giving MCI two weeks to make up its mind about merging with Qwest Communications. Verizon remains confident that its deal with MCI will still go through. "Verizon recognizes that it is in the best interests of the stakeholders of both Verizon and MCI to address recent market speculation regarding Qwest's claims that it can deliver greater value to MCI's shareholders," Verizon said. "Notwithstanding this speculation, we believe that this process will result in MCI reaching the same conclusion that it reached after seven months of discussions with Qwest." According to a "The MCI Board will respond in due course after conducting a thorough review of Qwest's revised proposal, as it has with all previous proposals," the letter said. "I am hopeful that this letter will clear up any misconceptions and reassure you that the latest proposal from Qwest will receive the same extensive review as all previous proposals." Murdok | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.