Peter Thonis
Peter Thonis
agreement announced merger
When we announced the merger agreement on Aug. 8, this was not the case.
adverse agreement change decision material ongoing
We made the decision to terminate the agreement on a material adverse change clause. It was because of the ongoing deterioration of their business.
action additional close focus helps move three time
With the MCI transaction close to completion, this is the right time for us to take action that helps us sharpen our focus on our three network-based businesses. This move will give them additional flexibility to maneuver in a fast-moving marketplace.