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   How much equity does Verizon need to buy MCI?

   • Verizon needs $4.8 billion in equity to purchase MCI. This represents approximately 132.1 million Verizon shares, or 4.5 percent of Verizon's outstanding shares.

   Verizon to Acquire MCI for $5.3 Billion in Equity and Cash

   www.verizon.com/about/news/press-releases/verizon-acquire-mci-53-billion-equity-and-cash

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   What's new with Verizon and MCI?

   • Verizon Communications Inc. (NYSE:VZ) and MCI, Inc. (NASDAQ:MCIP) announced today that Verizon has agreed to acquire MCI for $4.8 billion in equity and $488 million in cash. The transaction adds new strength to the telecommunications services both companies provide.

   Verizon to Acquire MCI for $5.3 Billion in Equity and Cash

   www.verizon.com/about/news/press-releases/verizon-acquire-mci-53-billion-equity-and-cash

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   How much money did Verizon pay for MCI merger?

   • Verizon elected to make a supplemental cash payment of $2.738 per MCI share (or $779 million in the aggregate), rather than issue additional shares of Verizon, so that the merger consideration was equal to at least $20.40 per share of MCI.

   Verizon and MCI close merger, creating a stronger competitor for

   www.verizon.com/about/news/verizon-and-mci-close-merger-creating-stronger-competitor-advanced-communications-services

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   Is MCI a subsidiary of Verizon?

   • MCI will be the surviving corporation, thereby becoming a wholly-owned subsidiary of Verizon. MCI shareholders will receive 0.4062 shares of Verizon common stock and $1.50 for each MCI share owned. In addition, MCI shareholders will receive a special dividend payment of $4.50 per share at that time.

   Verizon - MCI | Federal Communications Commission

   www.fcc.gov/proceedings-actions/mergers-transactions/verizon-mci

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   How much is MCI worth?

   • MCI is worth $4.795 billion in Verizon common stock and $488 million in cash according to the acquisition. MCI shareowners will receive 0.4062 shares of Verizon common stock for each common share of MCI, which is worth $14.75 based on Verizon's closing price on Feb. 11.

   Verizon to Acquire MCI for $5.3 Billion in Equity and Cash

   www.verizon.com/about/news/press-releases/verizon-acquire-mci-53-billion-equity-and-cash

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   How do MCI shareholders exchange their shares?

   • MCI shareholders holding certificates will very shortly receive information about how to exchange their shares. MCI shareholders who hold their shares in book entry or through a broker will have their shares automatically exchanged for Verizon shares and cash. Verizon shareholders need not take any action.

   Verizon and MCI close merger, creating a stronger competitor for

   www.verizon.com/about/news/verizon-and-mci-close-merger-creating-stronger-competitor-advanced-communications-services

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2. www.verizon.com › about › newsVerizon and MCI close merger, creating a stronger competitor ...

   www.verizon.com › about › news

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   Jan 6, 2006 · Verizon and MCI have been engaged in integration planning since the merger was approved by MCI shareholders on Oct. 6, 2005. Under terms of the merger agreement, MCI shareholders will receive 0.5743 shares of Verizon and cash for each of their MCI shares.

3. www.verizon.com › about › newsVerizon to Acquire MCI for $5.3 Billion in Equity and Cash

   www.verizon.com › about › news

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   Feb 14, 2005 · The Boards of Directors of both companies have approved the agreement. MCI shareowners will receive 0.4062 shares of Verizon common stock for each common share of MCI. This is worth $4.795 billion and equivalent to $14.75 per MCI share, based on Verizon's closing price on Friday, Feb. 11.

4. www.ft.com › content › ffaac0ca-7e84-11d9-9c86-00000Verizon to buy MCI for $6.75bn - Financial Times

   www.ft.com › content › ffaac0ca-7e84-11d9-9c86-00000

   Verizon, the largest US telecommunications company, on Monday sealed an agreement to buy MCI, the long-distance carrier once known as WorldCom, for $6.75bn (£3.62bn) in cash and stock, after a...

5. www.verizon.com › about › newsVerizon's Purchase of 43.4 Million MCI Shares Closes

   www.verizon.com › about › news

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   May 17, 2005 · NEW YORK - Verizon Communications Inc. (NYSE:VZ) today closed on its agreement to purchase approximately 43.4 million shares of MCI, Inc. (NASDAQ:MCIP) common stock from eight entities affiliated with Carlos Slim Helu for approximately $1.1 billion in the aggregate in cash.

6. www.lightreading.com › cable-technology › verizon-toVerizon to Buy MCI in $6.7B Deal - Light Reading

   www.lightreading.com › cable-technology › verizon-to

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   Feb 13, 2005 · NEW YORK -- Verizon Communications Inc. (NYSE: VZ - News) and MCI, Inc. (Nasdaq: MCIP - News) today announced that Verizon has agreed to acquire MCI for $4.8 billion in equity and $488...

7. www.computerworld.com › article › 1459131Verizon sweeps up MCI in $6.7 billion merger - Computerworld

   www.computerworld.com › article › 1459131

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   Feb 14, 2005 · Verizon will pay $4.8 billion in shares and $488 million in cash to buy MCI. MCI, meanwhile, will pay its shareowners quarterly and special dividends of $4.50 per share, worth $1.46 billion,...

8. www.cfo.com › news › verizon-to-buy-mci-for-nearly-7Verizon to Buy MCI for Nearly $7 Billion | CFO - cfo.com

   www.cfo.com › news › verizon-to-buy-mci-for-nearly-7

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   Feb 14, 2005 · Verizon Communications Inc., the nation’s largest telecommunications company, has agreed to acquire MCI Inc. in a deal valued at $6.746 billion. Though Verizon underbid rival Quest Communications by more than a half-billion dollars, Qwest was widely deemed to be the weaker suitor due to its high debt and low share price.