Cellular Technology

Verizon, MCI link up in $6.7 billion merger | CNET News.com:

"update Verizon Communications has sealed a $6.7 billion deal with long-distance provider MCI as the telecommunications industry continues its spasm of megamergers.

On Monday, Verizon said it will pay $4.8 billion in stock and $488 million in cash for MCI. Verizon will also pay special dividends of $4.50 per share, or nearly $1.5 billion. This makes the total deal for MCI worth more than $6.7 billion."

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