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Verizon completes MCI buyout

NEW YORK, Jan. 6 (UPI) -- Verizon Communications completed its buyout of MCI Friday.

"Added network capabilities and strong customer relationships provide a solid foundation for innovative and integrated wireless, wireline and multimedia services designed to meet customer demands for speed, mobility and control," Verizon Chief Executive Ivan Seidenberg said in a news release.

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The newly merged company will continue to be based in New York, with about 250,000 employees.

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