Feeds

MCI mulls latest Qwest offer

More sweeteners than Tate & Lyle

  • alert
  • submit to reddit

Security for virtualized datacentres

MCI is mulling the latest offer from Qwest, according to the reports from the US. It has until midnight Tuesday to accept or Qwest said it would pull its offer, paving the way for a possible hostile take-over.

Last week Qwest upped its offer to $8.9bn after that other dogged suitor, Verizon, increased its bid for MCI to $7.6bn earlier this week.

News that MCI is chewing over Qwest's bid will no doubt be welcome news for the telco that has refused to let Verizon's bid to acquire MCI go unchallenged. On Friday Qwest issued yet another strongly worded statement that accused MCI of "favouring" Verizon's lower offer.

Said the company in a statement: "We urge the MCI Board to cease its favoritism, stop attempting to tilt the regulatory playing field and run a fair, transparent, complete and timely sales process.

"We believe our latest offer...is clearly superior and we have provided a significant amount of detail surrounding it. Therefore the MCI Board should now declare that our offer is superior," it said. ®

Related stories

Qwest ups bid for MCI - yet again
Qwest soap opera continues
Verizon finds $1bn more for MCI
Qwest sets MCI April 5 deadline
Telecoms takeover turns into sixth form disco
MCI/Verizon/Qwest slanging match continues
'Desperate' Qwest ups bid for MCI

Providing a secure and efficient Helpdesk

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
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.