MCI to Commence Mailing of Proxy Materials in Connection With Pending Verizon/MCI Merger
September 01 2005 - 7:25AM
PR Newswire (US)
NEW YORK, and ASHBURN, Va., Sept. 1 /PRNewswire/ -- Verizon
Communications Inc. (NYSE:VZ) and MCI, Inc. (NASDAQ:MCIP) announced
today that MCI will commence mailing proxy materials in connection
with the special meeting of MCI shareholders to be held at MCI
headquarters on Thursday, Oct. 6, at 10 a.m. EDT for the purpose of
voting upon the approval and authorization of the previously
announced Verizon/MCI merger agreement. MCI headquarters is located
at 22001 Loudoun County Parkway, Ashburn, Va. The matters to be
considered at the special meeting are more fully described in the
proxy materials filed by MCI with the SEC today and expected to be
mailed to MCI shareholders beginning tomorrow. Verizon has filed a
registration statement on Form S-4 with the SEC. The registration
statement includes a proxy statement and prospectus, and a proxy
card that MCI will send to its stockholders to vote on the merger.
The registration statement also registers the shares of Verizon
common stock to be delivered to MCI stockholders at the closing of
the merger. Investors and security holders are encouraged to read
the proxy materials in their entirety because they contain
important information about the merger. Copies of the proxy
materials are available on the U.S. Securities and Exchange
Commission's Web site at http://www.sec.gov/. In addition, the
proxy materials are also available on the Investor Relations
section of MCI's Web site at http://www.mci.com/, the Investor
Relations section of Verizon's Web site at http://www.verizon.com/,
or can be obtained by contacting MacKenzie Partners, Inc.,
toll-free at (800) 322-2885, collect at (212) 929-5500 or by e-mail
at . With more than $71 billion in annual revenues, Verizon
Communications Inc. (NYSE:VZ) is one of the world's leading
providers of communications services. Verizon has a diverse work
force of 214,000 in four business units: Domestic Telecom provides
customers based in 28 states with wireline and other
telecommunications services, including broadband. Verizon Wireless
owns and operates the nation's most reliable wireless network,
serving 47.4 million voice and data customers across the United
States. Information Services operates directory publishing
businesses and provides electronic commerce services. International
includes wireline and wireless operations and investments,
primarily in the Americas and Europe. For more information, visit
http://www.verizon.com/. MCI, Inc. (NASDAQ:MCIP) is a leading
global communications provider, delivering innovative,
cost-effective, advanced communications connectivity to businesses,
governments and consumers. With one of the most expansive global IP
backbones and wholly-owned data networks, MCI develops the
converged communications products and services that are the
foundation for commerce and communications in today's market. For
more information, go to http://www.mci.com/. VERIZON'S ONLINE NEWS
CENTER: Verizon news releases, executive speeches and biographies,
media contacts, high quality video and images, and other
information are available at Verizon's News Center on the World
Wide Web at http://www.verizon.com/news. To receive news releases
by e-mail, visit the News Center and register for customized
automatic delivery of Verizon news releases. In connection with the
proposed acquisition of MCI, Verizon filed, with the SEC on August
31, 2005, an amended registration statement on Form S-4, which
includes a definitive proxy statement of MCI and a prospectus
(Registration No. 333-124008) containing important information
about the proposed acquisition. Investors are urged to read the
proxy statement and prospectus and any other relevant materials
filed by Verizon or MCI because they contain important information
about Verizon, MCI and the proposed acquisition. The proxy
statement and prospectus and other relevant materials and any other
documents filed by Verizon or MCI with the SEC, may be obtained for
free at the SEC's website at http://www.sec.gov/. Investors may
also obtain free copies of these documents at
http://www.verizon.com/investor, or by request to Verizon
Communications Inc., Investor Relations, 1095 Avenue of the
Americas, 36th Floor, New York, NY 10036. Free copies of MCI's
filings are available at
http://www.mci.com/about/investor_relations, or by request to MCI,
Inc., Investor Relations, 22001 Loudoun County Parkway, Ashburn, VA
20147. Additionally, proxy materials can be obtained by contacting
MacKenzie Partners, Inc. toll-free at (800) 322-2885, collect at
(212) 929-5500 or by email at . Investors are urged to read the
proxy statement and prospectus and the other relevant materials
before making any voting or investment decision with respect to the
proposed acquisition. Verizon, MCI, and their respective directors,
executive officers, and other employees may be deemed to be
participants in the solicitation of proxies from MCI shareowners
with respect to the proposed transaction. Information about
Verizon's directors and executive officers is available in
Verizon's proxy statement for its 2005 annual meeting of
shareholders, dated March 21, 2005. Information about MCI's
directors and executive officers is available in MCI's proxy
statement for its 2005 annual meeting of stockholders, dated April
20, 2005. Additional information about the interests of potential
participants is included in the proxy statement and prospectus and
other materials filed with the SEC. DATASOURCE: Verizon CONTACT:
Peter Thonis, Verizon Communications, +1-212-395-2355, ; Brad
Burns, MCI, 1-800-644-NEWS, Web site: http://www.verizon.com/
http://www.verizon.com/news http://www.verizon.com/investor
http://www.mci.com/ http://www.mci.com/about/investor_relations
Company News On-Call: http://www.prnewswire.com/comp/094251.html
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