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One of the Baby Bells, Verizon Communications, agreed Monday to buy long-distance carrier MCI in a stock and cash deal valued at $6.7 billion. Analysts say the combination of one of the largest local phone companies with the second-largest long-distance service provider will present strategic challenges to competitors. The acquisition will give Verizon a coveted base of large corporate and government contracts.
February 15, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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