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What Makes GTE Attractive

An acquirer could use GTE's markets as a base

LOCAL One of the biggest local phone companies in the country, GTE has 20 million lines from Hawaii to Florida. Well-positioned around major metropolitan areas, including Dallas and Los Angeles.

LONG DISTANCE Since initiating service last year, GTE has signed up 1.3 million customers, mostly from AT&T. So far, the regional Bells have been banned from offering long-distance service.

DATA GTE is paying $616 million for Internet pioneer BBN and plans to spend an additional $2.5 billion on data gear. It also cut a deal with Cisco Systems to manage corporate data networks.

BUNDLED SERVICES GTE has taken advantage of its range of products by setting up an unregulated division to sell bundled telecom services.

DATA: COMPANY REPORTS


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Updated July 17, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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