Ashburn, VA, February 14, 2005 - MCI, Inc. (NASDAQ: MCIP) today announced that its Board of Directors at its regularly scheduled meeting approved distribution of a quarterly dividend of $.40 per share on March 15, 2005 to shareholders of record as of March 1, 2005.
The distribution is a return of capital supported by the excess cash declared by the Board of Directors in August 2004 pursuant to MCI's Plan of Reorganization.
About MCI
MCI, Inc. (NASDAQ: MCIP) is a leading global communications provider, delivering innovative, cost-effective advanced communications connectivity to businesses, governments and consumers. With the industry's most expansive global IP backbone, based on the number of company-owned points-of-presence, and wholly-owned data networks, MCI develops the converged communications products and services that are the foundation for commerce and communications in today's markets. For more information, go to www.mci.com.
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations. Factors that may cause actual results to differ materially from management's expectations include economic uncertainty; the effects of vigorous competition, including price compression; the impact of technological change on our business, alternative technologies, and dependence on availability of transmission facilities; risks of international business; regulatory risks in the United States and internationally; contingent liabilities; uncertainties regarding the collectibility of receivables; risks associated with debt service requirements and our financial leverage; uncertainties associated with the success of acquisitions; and the ongoing war on terrorism. More detailed information about those factors is contained in the Company's filings with the Securities and Exchange Commission, including its Form 10-K under "Risk Factors."
Area: | Global |
Name: | Peter Lucht |
Tel: | +1-617-535-5533 |
E-mail: | peter.lucht@verizon.com |
Area: | Global |
Name: | Susan Watson |
Role: | Investor Contact |
Tel: | (866) 642-0211 |