The battle between Qwest Communications and Verizon seems to never end as Qwest restarts its counterbidding for MCI that accepted a $7.64-billion takeover offer from Verizon.

Despite receiving counterbid rejection from MCI for the second time, Qwest remains optimistic about the possible merger with the company that is expected to improve Qwest’s performance over the quarter.

Some analysts say Qwest will probably try to sweeten its offer for MCI for the third time in the battle that has already lasted for six straight weeks.

The most recent counterbid from Qwest was nearly $1 billion higher than the one of Verizon accepted by the company. Earlier, Verizon allowed MCI to reconsider counterbid before taking any decision.

Qwest would probably try to consult with MCI stockholders if its bid was rejected, the company’s chief financial officer Oren Shaffer said. "Right now, we think that the shareholders’ interests and our interests are aligned," he added.

"We still believe our proposal creates superior value for shareowners. We are going to assess the situation and determine what is in the best interests of shareowners, customers and employees," said Qwest in its statement.