Qwest Communications International Inc. is not giving up in the fight with Verizon Communications Inc. to acquire MCI.
Qwest has hired the Altman Group, a proxy solicitation firm, in a sign the regional phone company could ask MCI’s shareholders to vote on Qwest’s offer as an alternative to the deal MCI has reached with Verizon, several media outlets reported.
MCI announced on Tuesday its board of directors has accepted a revised offer – a $7.64 billion bid – from Verizon, spurning an offer from Qwest that is worth $800 million more, the Associated Press reported.
