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Qwest To Renew Bid For MCI

DENVER (AP) --Qwest Communications International Inc. isn't ready to give up on its campaign to acquire MCI Inc.

Qwest plans to submit a renewed -- and possibly sweetened -- bid for MCI after being snubbed by the long-distance company in favor of a $6.7 billion cash-and-stock bid from Verizon earlier this week.

In a letter to the MCI board dated Thursday, Qwest Chairman and CEO Dick Notebaert said he hoped the modified offer would lead to discussions, noting that MCI never responded to Qwest's initial bid.

``If we had received this response, we may have been already able to communicate to you a modified offer that would be beneficial to MCI shareholders,'' he wrote.

The Verizon proposal was substantially less than the Qwest bid based on public comments this week from MCI President and CEO Michael D. Capellas, Notebaert said.

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