M&A Deal Summary

Verizon Communications Acquires MCI inc.

On May 2, 2005, Verizon Communications acquired communications company MCI inc. for 8.5B USD

Acquisition Highlights
  • This is Verizon Communications’ 3rd transaction in the Communications sector.
  • This is Verizon Communications’ 4th largest (disclosed) transaction.
  • This is Verizon Communications’ 3rd transaction in the United States.
  • This is Verizon Communications’ 1st transaction in Virginia.

M&A Deal Summary
Date 2005-05-02
Target MCI inc.
Sector Communications
Buyer(s) Verizon Communications
Deal Type Add-on Acquisition
Deal Value 8.5B USD

Target

MCI inc.

Ashburn, Virginia, United States
MCI Inc. is a provider of communications connectivity to businesses, governments and consumers. The Company was formerly known as MCI WorldCom.

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Buyer(S) 1

Buyer

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 3 of 35
Sector (Communications) 3 of 14
Type (Add-on Acquisition) 1 of 29
State (Virginia) 1 of 3
Country (United States) 3 of 33
Year (2005) 1 of 1
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-02 Hawaiian Telcom Holdco

Honolulu, Hawaii, United States

Hawaiian Telcom Holdco, Inc. is a provider of integrated communications and entertainment solutions for business and residential customers. Hawaiian Telcom was founded in 1883 and is based in Honolulu, Hawaii.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-13 Verizon Communications - Correction Communications Divisions/MCI

United States

The former MCI corrections division provides managed telecommunications services to state and county departments of correction, including customer service, call equipment management, billing and IT capabilities. These services enable inmates to communicate with friends, family members, legal counsel and other approved parties outside the correctional facilities.

Sell -
Mergr

Product

Company

Legal