By Jim Wagner

Qwest will make a new bid for MCI after it reviews Verizon's offer for the long-distance carrier, according to a Securities & Exchange Commission filing.

The news comes three days after Verizon said it would acquire MCI in a stock and cash deal valued at $6.7 billion.

Included in the SEC filing is a letter from Richard Notebaert, Qwest chairman and CEO, to Nicholas Katzenbach, MCI chairman, stating his intention to submit a second bid. Notebaert also said MCI had accepted what he considers a lesser offer.

"In addition to the superior merger consideration offered by Qwest to your shareholders compared to the Verizon offer, we would like to remind you that Qwest's proposal is superior to the Verizon proposal because our regulatory approval process is likely to be completed at least six months more quickly," Notebaert said.

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