Is Verizon Heading South?
Last year, Qwest Communications (Q) became an expensive thorn in the side of Verizon (VZ) when it sparked a bidding war for MCI. Verizon eventually bought MCI, but not before competition from Qwest jacked up the price by more than $1 billion. Now, in the wake of AT&T's (T) proposed $67 billion BellSouth (BLS) takeover, some telecommunications watchers are wondering if Verizon is going to pull a Qwest on AT&T and launch a hostile bid for BellSouth.
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