Qwest Pushes its Bid for MCI

Qwest Communications is expected to submit a new bid to acquire MCI.


Richard C. Notebaert, Qwest chairman and CEO, said "Our activities over the next 24 hours will demonstrate our commitment to winning MCI. It is unfortunate that some in the process feel MCI shareholders should be deprived of the true value of their asset. MCI is a valuable property and shareholders deserve the present and future value that Qwest is committed to deliver. Historical commentaries serve no purpose as we look to the future of the communications sector and foster competition."http://www.qwest.com