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Verizon Announces Plans to Buy MCI

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Verizon Announces Plans to Buy MCI

Business

Verizon Announces Plans to Buy MCI

Verizon Announces Plans to Buy MCI

  • Download
  • <iframe src="https://www.npr.org/player/embed/4497901/4497902" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Verizon announces a deal to buy MCI for more than $6.7 billion in cash and stock. This is the third major telecommunications merger in two months. The deal follows SBC Communications' plans to acquire AT&T and the announced merger of Sprint and Nextel.