Qwest Issues Statement Regarding MCI's
Decision to Support the Qwest Offer
Saturday April 23, 1:41 pm ET
DENVER--(BUSINESS WIRE)--April 23, 2005--Qwest Communications International, Inc. (NYSE:Q - News) today issued the following statement in response to the MCI Board's announcement that Qwest's offer for MCI is a superior offer to the Verizon proposal for MCI.
"Qwest is gratified that MCI has recognized its superior offer for MCI. Through this combination, both the fundamental economics and the future competitive landscape of the telecommunications industry can be aligned to deliver long-term value for investors, robust competition and better services for customers.
We expect MCI to build upon its declaration of superiority with specific acts of support, including expeditiously seeking regulatory approvals of a transaction that it considers superior and in the best interests of its shareowners."