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Qwest courts MCI for telecoms take-over

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Internet Security Threat Report 2014

MCI - the telco formerly known as WorldCom which emerged from Chapter 11 bankruptcy protection in April last year following its damaging$11bn (£5.8bn) accounting scandal - could be the target for a take-over.

Reports from the US claim Qwest Communications International Inc. is considering splashing out $6.3bn (£3.3bn) for the telco.

But there are also murmurings that other telcos could be interested in snapping up MCI, with Verizon Communications reportedly also holding talks.

Earlier this week US telecoms giant SBC announced plans to acquire former parent AT&T for $16bn (£8.5bn) in cash and shares. The mega-merger is expected to deliver huge cost and network efficiencies, with 13,000 workers axed from the company. ®

Relates stories

SBC to axe 13,000 jobs in AT&T merger
SBC rings AT&T for $16bn mega-merger
Verizon and Yahoo! forge broadband alliance

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