MCI Inc. said on Friday it would reopen merger talks with Qwest Communications International Inc., which has raised its bid for the long-distance telephone company to $9 billion, just three days after MCI agreed to a sweetened $7.5 billion buyout offer from Verizon.
The negotiations will be permitted until a shareholder vote is held by MCI on whether to accept or reject the deal with Verizon Communications Inc., MCI and Verizon said in separate statements.
