Feeds

MCI take-over gets thumbs-up

The shareholders, they say 'yes'

Top three mobile application threats

MCI stockholders have given the thumbs-up to the merger with Verizon with 88 per cent of the votes in favour of the tie-up.

"This vote of support by our shareholders represents a key milestone in the merger approval process," said MCI boss Michael Capellas in a statement.

The deal is expected to close in late 2005 or early 2006 once it gets the necessary regulatory rubber stamps.

At the beginning of the year MCI - which used to be known as WorldCom - became the take-over target for Verizon and rival US telco Qwest.

Despite both Qwest and Verizon knocking lumps out of each other in what became an increasingly ugly take-over scrap, MCI opted for the $8.4bn bid from Verizon believing it was a safer bet than Qwest's $9.8bn bid.

Execs at MCI told shareholders that the Verizon option was the better deal and that numerous large customers threatened to cancel their contracts should the Qwest take-over go through. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.