North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical GTE Seen As Takeover Target
Some interesting speculation about GTE's future. Randy > GTE Seen As Takeover Target - Report [Reuters News Service] > 09:46 a.m. Jul 21, 1997 Eastern > > NEW YORK - GTE is seen as an attractive > takover target as long distance carriers aim > to enter local telecommunications markets and > capitalize on GTE's strength in Internet and > data transmission, Business Week reported in > its July 28 issue. > > GTE's chief executive officer Charles Lee is > not discouraging merger talk, the magazine > said. > > ``I'll continue to explore other business > arrangements to the extent that they make > sense for helping shareholders,'' Lee told > Business Week. > > Since GTE is spread out in 28 states in mostly > rural or suburban regions, the company would > serve as a springboard for a leading carrier > such as AT&T, MCI Communications, or Britain's > Cable & Wireless to enter local businesses, > the magazine reported. > > GTE's proposed acquisition of BBN and its > fiberoptic capacity arrangement with Qwest > Communications gives it a strong position in > data transmission, the magazine said. > > Copyright 1997 Reuters Limited. All rights > reserved. Republication and redistribution of > Reuters content is expressly prohibited > without the prior written consent of Reuters. > Reuters shall not be liable for any errors or > delays in the content, or for any actions > taken in reliance thereon. > > ---------------------------------------------------------------------- > Copyright � 1995-97 Infoseek Corporation. All rights reserved. > Disclaimer |