Former Ceo of Qwest Is Now Adviser to Leucadia

Summary


NEW YORK -- Leucadia National Corp., which has expressed interest in buying at least half of MCI Inc., has ties to former Qwest Communications Inc. CEO Joseph P. Nacchio, who is reportedly advising the holding company.

Leucadia gave Nacchio a 5 percent stake last year in a communications company it bought, ATX Communications Inc., regulatory filings show.

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Extract


Former Ceo of Qwest Is Now Adviser to Leucadia

MCI disclosed this week that Leucadia told regulators it is seeking antitrust clearance to buy more than 50 percent of MCI's stock for an estimated $2.8 billion. On Wednesday, Th...

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