Feeds

Qwest ups bid for MCI - yet again

That's it

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The bidding war for MCI continues to show no sign of running out of steam following Qwest's decision to sweeten its offer yet again for the US telco.

The wedge on the table currently stands at $8.9bn.

In a letter to MCI, Qwest chief exec Richard Notebaert accused the telco of "complete abdication of its duties to act in the best interest of its shareholders" and requested MCI to "take the steps necessary...to recognize our offer as a Superior Proposal".

Qwest's decision to increase its offer was expected after Verizon increased its bid for MCI to $7.6bn earlier this week.

Responding to Qwest's latest offer MCI said it would "review the revised proposal and respond accordingly". ®

Related stories

Qwest soap opera continues
Verizon finds $1bn more for MCI
Qwest sets MCI April 5 deadline
MCI/Verizon/Qwest slanging match continues

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.