Verizon is out spending some cash.

In another telecom merger with a huge hosting component, Verizon will acquire MCI for $6.7 billion, the two companies said today. As with last month’s SBC-AT&T deal, the early headlines focus on consumer and business telecom issues and MCI’s 15 million voice customers. But Verizon will also acquire the world’s ninth-largest web hosting operation, as MCI houses 878K hostnames - more than hosting specialists The Planet, Interland or SAVVIS.

Interesting to see another phone company being swallowed up after AT&T was devoured recently.

Did this post make you go hmm?

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