MCI Concludes Qwest Offer is Superior Verizon has five business days to respond



During this period, MCI Board maintains recommendation of Verizon merger



    ASHBURN, Va., April 23 /PRNewswire-FirstCall/ -- MCI, Inc. (Nasdaq:   MCIP)
 today announced that its Board of Directors has determined that Qwest
 Communications International Inc.'s latest offer to acquire the Company is
 superior to the terms of the current MCI/Verizon merger agreement.
     Under the terms of the MCI/Verizon merger agreement, Verizon has five
 business days (through Friday, April 29, 2005) to respond with a revised
 proposal.
     Under Qwest's irrevocable offer MCI's Board of Directors has until May 3,
 2005, to change its current recommendation in favor of the MCI/Verizon merger
 agreement.
 
     Latest Qwest Proposal
     On April 21, 2005, Qwest presented MCI with a revised offer comprised of
 $16.00 in cash (excluding MCI's March 15 dividend payment of $0.40 per share)
 and 3.373 Qwest shares (subject to adjustment under a collar which fixes the
 value of the Qwest shares at $14.00 provided Qwest's share price is between
 $3.32 and $4.15) per MCI share.
 
     MCI/Verizon Merger Agreement
     On March 29, 2005, MCI and Verizon amended their merger agreement.   Under
 that agreement, each MCI share would receive cash and stock worth at least
 $23.10, comprising $8.35 (excluding MCI's March 15 dividend payment of $0.40
 per share) as well as the greater of 0.4062 Verizon shares for every share of
 MCI Common Stock or Verizon shares valued at $14.75.
 
     About MCI
     MCI, Inc. (Nasdaq:   MCIP) is a leading global communications provider,
 delivering innovative, cost-effective, advanced communications connectivity to
 businesses, governments and consumers. With the industry's most expansive
 global IP backbone, based on the number of company-owned points of presence,
 and wholly-owned data networks, MCI develops the converged communications
 products and services that are the foundation for commerce and communications
 in today's market. For more information, go to http://www.mci.com.
 
     This document contains statements about expected future events and
 financial results that are forward-looking and subject to risks and
 uncertainties. For those statements, we claim the protection of the safe
 harbor for forward-looking statements contained in the Private Securities
 Litigation Reform Act of 1995.  The following important factors could affect
 future results and could cause those results to differ materially from those
 expressed in the forward-looking statements: a significant change in the
 timing of, or the imposition of any government conditions to, the closing of
 the previously announced proposed transaction between MCI and Verizon; actual
 and contingent liabilities; and the extent and timing of our ability to obtain
 revenue enhancements and cost savings following the previously announced
 proposed transaction between MCI and Verizon.  Additional factors that may
 affect the future results of MCI and Verizon are set forth in their respective
 filings with the Securities and Exchange Commission, which are available at
 investor.verizon.com/SEC/ and www.mci.com/about/investor_relations/sec/.
 
     In connection with the previously announced proposed transaction between
 MCI and Verizon, Verizon filed, with the Securities and Exchange Commission
 ("SEC") on April 12, 2005, a proxy statement and prospectus on Form S-4 that
 contain important information about the previously announced proposed
 transaction between MCI and Verizon. These materials are not yet final and
 will be amended. Investors are urged to read the proxy statement and
 prospectus filed, and any other relevant materials filed by MCI or Verizon
 because they contain, or will contain, important information about MCI,
 Verizon and the previously announced proposed transaction between MCI and
 Verizon. The preliminary materials filed on April 12, 2005, the definitive
 versions of these materials and other relevant materials (when they become
 available) and any other documents filed by MCI or Verizon with the SEC, may
 be obtained for free at the SEC's website at www.sec.gov. Investors may also
 obtain free copies of these documents at www.mci.com/about/investor_relations,
 or by request to MCI, Inc., Investor Relations, 22001 Loudoun County Parkway,
 Ashburn, VA 20147.  Free copies of Verizon's filings are available at
 www.verizon.com/investor, or by request to Verizon Communications Inc.,
 Investor Relations, 1095 Avenue of the Americas, 36th Floor, New York, NY
 10036. Investors are urged to read the proxy statement and prospectus and the
 other relevant materials when such other materials become available before
 making any voting or investment decision with respect to the previously
 announced proposed transaction between MCI and Verizon.
 
     MCI, Verizon, and their respective directors, executive officers, and
 other employees may be deemed to be participants in the solicitation of
 proxies from MCI shareowners with respect to the previously announced proposed
 transaction between MCI and Verizon.  Information about MCI's directors and
 executive officers is available in MCI's proxy statement for its 2005 annual
 meeting of shareholders, dated April 20, 2005.  Information about Verizon's
 directors and executive officers is available in Verizon's proxy statement for
 its 2005 annual meeting of shareholders, dated March 21, 2005.  Additional
 information about the interests of potential participants will be included in
 the registration statement and proxy statement and other materials filed with
 the SEC.
 
 

SOURCE MCI, Inc.

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