MCI Restates Financial Results For Three Quarters

The company has made amendments to filings with the Securities and Exchange Commission to correct an error related to its contributions to the Federal Universal Service Fund for 2003, 2004 and the first three quarters of 2005.

The carrier also plans to record a cumulative adjustment of $35 million in its fourth-quarter 2005 results to reflect amounts prior to 2005.

MCI, Ashburn, Va., said in a statement that the revision would have no impact on its pending merger with Verizon.

Shares of MCI Thursday closed up 26 cents at $20.71 prior to the announcement.