Financial Times FT.com

Qwest urged to re-enter MCI bid battle

By Paul Taylor in New York

Published: May 4 2005 22:04 | Last updated: May 4 2005 22:04

Several of MCI's biggest investors are urging Qwest Communications to re-nter the bid battle for MCI, the second largest US long distance carrier.

Qwest withdrew its latest cash and paper offer for MCI worth $9.75bn on Monday after MCI's board rejected the bid in favour of a revised but lower offer worth $8.75bn from Verizon Communications.

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