Sunday, April 24, 2005

Talk about pressure....

9.75 BILLION dollars is what Verizon wireless has to come up with, or better, in order to win the bidding discression they have been going with Qwest. This will allow either company to take over MCI, which would respectively pull in much more profit. Verizon is currently at the 7.5 Billion bidding cost. They have 5 business days to produce a new proposal.

What do you think, do you think these costs are sky rocketing too high for Verizon, or will they come back with a higher bid? Will it really benefit them as much as they hope if they do take over MCI?

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