Feeds

Punters wooed by MCI and Verizon

Hey, everything will be OK, OK?

  • alert
  • submit to reddit

Build a business case: developing custom apps

MCI and Verizon have sought to reassure punters about the future of their $8.8bn merger following the bruising take-over battle earlier this year.

In a joint letter that acknowledged their rocky start, the companies thanked punters for their "understanding and support over the last few months" as they grappled to fend off the increasingly bitter and aggressive approach from Qwest.

Assuming that nothing else happens to sour the deal - they still need the necessary regulatory approvals, btw - the merger should be complete by the end of the year, leaving the newly enlarged group "financially strong and [ready to] continue its commitment to meet large business and government customers' requirements for reliability and innovation at a fair price."

Wrote MCI boss Michael Capellas and Verizon chief exec Ivan Seidenberg: "Verizon/MCI plans to invest in our combined infrastructure and in new products and services to better address your mission-critical communications requirements.

"In fact, we plan to invest $1bn to $1.5bn in expense and $2bn in capital during the first three years after the merger to maintain and upgrade our network and system capabilities."

Signing off, they said the merger would deliver real benefits for customers and that both are committed to "a smooth and seamless transition". Whatever. ®

Related stories

Verizon knocks out Qwest with revised offer
MCI dumps Verizon, cuddles up to Qwest
Qwest makes final offer for MCI
Who should buy Colt?
MCI wants $30 a share
Verizon buys slice of MCI
Qwest posts flat revs

The essential guide to IT transformation

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?