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Qwest has again made a bid for MCI. The offer has not improved in terms of financial cost. However additional guarantees regarding the value of stock are included in the offer.

Richard Notebaert, Qwest CEO wrote to the MCI board saying the offer was "even more compelling for your stockholders"

The enlarged corporation would be an "exciting and important new telecommunications company, of which MCI would become a meaningful part". He also took a dig at his rivals, "superior value opportunity for the MCI stockholders as compared to a Verizon/MCI transaction".

The battle for MCI has generated some heat. Court action has threatened court action about the acceptance of MCI, of Verizon's lower $6.7bn deal. The Verizon is significantly lower, however the MCI board reckon, it is better strategically.

MCI however has other concerns. Namely declining revenues, over 10% down compared to Q4 last year at $5bn.

MCI boss Michael Capellas said the company had made "improvements in [its] financial performance in the face of difficult industry conditions".

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