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Abonner MCI, Inc.; Verizon Communications Inc.

MCI, Inc.; Verizon Communications Inc.

European Commission Approves Verizon-MCI Merger

New York and Ashburn, Virginia (ots/PRNewswire)

- Decision Represents Significant Milestone in Approval Process
The European Commission today announced approval of the
Verizon-MCI merger application. The following statement can be
attributed to Verizon and MCI:
"The European Commission's decision to approve the Verizon-MCI
transaction is another significant milestone in the merger review
process. Both companies appreciate the professionalism and courtesy
of the Commission staff in their thorough review.
"The transaction remains on track to close by this year or early
next year. We look forward to delivering the benefits of this
transaction to the European business community as a combined
company."
With more than US$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 more than 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.
NOTE: This press release contains statements about expected future
events and financial results that are forward-looking and subject to
risks and uncertainties. For those statements, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
The following important factors could affect future results and could
cause those results to differ materially from those expressed in the
forward-looking statements: a significant change in the timing of, or
the imposition of any government conditions to, the closing of the
transaction; actual and contingent liabilities; and the extent and
timing of our ability to obtain revenue enhancements and cost savings
following the transaction. Additional factors that may affect the
future results of Verizon and MCI are set forth in their respective
filings with the Securities and Exchange Commission, which are
available at investor.verizon.com/SEC/ and
http://www.mci.com/about/investor_relations/sec/.
Web site: http://www.mci.com
              http://www.verizon.com

Contact:

David Fish of Verizon Communications, +1-202-515-2514,
david.m.fish@verizon.com; or Peter Lucht of MCI, +1-800-644-NEWS,
peter.lucht@mci.com