MCI Receives Revised Proposal from Qwest

    ASHBURN, Va., April 21 /PRNewswire-FirstCall/ -- MCI, Inc. (Nasdaq:   MCIP)
 today said that it received a revised proposal from Qwest Communications
 International to acquire the Company.  The revised offer comprises $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's Board of Directors will review the revised
 proposal.
 
     Previous Qwest Proposal
     Qwest's previous proposal contained $13.50 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 joint 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
 http://investor.verizon.com/SEC/ and
 http://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 http://www.sec.gov. Investors may
 also obtain free copies of these documents at
 http://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 http://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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