Qwest Raises MCI Bid to $7.3 Bln: Sources
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Qwest Communications International  Inc. Q.N on Sunday hiked its takeover offer for MCI Inc.  MCIP.O to about $7.3 billion in cash and stock, sources  familiar with the situation said, while rival bidder Verizon  Communications Inc. VZ.N responded by altering its lower  offer.
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MCI Corp. and Qwest Communications International Inc. are reportedly discussing the telephone industry's second big merger in days, though some observers dismiss the potential marriage as so flawed that the talks may be a ploy by MCI to lure another suitor, such as Verizon .
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WMC currently is fending off a AU$7.4 billion takeover bid by Switzerland-based Xstrata PLC. The mining company upgraded its earnings forecast to around $1.3 billion for the calendar year, above analysts&#39; expectations.
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DENVER -- In the rapidly consolidating telecommunications industry, Qwest Communications International Inc. is increasingly looking like the odd man out after MCI Inc. rebuffed its multibillion-dollar takeover bid.
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Qwest Communications International  Inc. Q.N on Tuesday posted a smaller quarterly loss, and said  it would "keep every door open" after MCI Inc. MCIP.O spurned  its $7.3 billion takeover offer in favor of a lower bid from  Verizon Communications Inc. VZ.N
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Qwest Communications International Inc. posted a third-quarter loss of $569 million after setting aside more money to settle lawsuits stemming from a three-year, $3.
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Qwest Communications International  Inc. Q.N has agreed to pay $250 million to settle financial  and disclosure fraud charges, a source familiar with the matter  said on Friday.
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A bid on the largest portion of public wireless airwaves, now being auctioned by the federal government, reached $4.7 billion on Thursday, triggering a provision to allow any device or software to work on that spectrum.
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Long distance is dead. The last of the big-three long-distance carriers, MCI Inc., yesterday agreed to a $6.7 billion takeover by Verizon Communications Inc. The move comes two weeks after AT&amp;T Corp. agreed to sell out for $16 billion to SBC Communications Inc. Meanwhile, Sprint Corp. is taking a hard turn into a chiefly wireless future through a planned $36 ...
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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MCI Inc. board members accepted an offer Sunday night from Verizon Communications Inc. valued at $6.6 billion to $6.8 billion after rejecting a sweetened bid from Qwest Communications, sources close to the negotiations said.
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MCI Inc. has hired three investment banks and a law firm to help the telecommunications company quietly search for potential buyers, according to a published report Monday.
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A $7.4 billion takeover bid for the Australian mining company WMC Resources has seen its share price surge by 36 per cent. The Swiss-based mining house Xstrata wants to add WMC Resources to its Australian mining portfolio.
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Verizon Communications Inc. on  Monday said it would buy long-distance telephone company MCI  Communications Inc. in a deal worth $6.75 billion, giving  Verizon a foothold in the market for serving large  corporations.
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Australian mining firm WMC Resources says it is worth up to 30% more than a hostile $5.8bn takeover bid by Swiss rival Xstrata.
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Qwest Communications International Inc. has tentatively agreed to pay $250 million to settle fraud allegations by federal regulators, a union official said Friday - a move that could help lift a cloud that
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U.S. phone company Qwest  Communications International Inc  on Tuesday reported an  89 percent rise in fourth-quarter profit, boosted by a benefit  related to income tax.