What Makes GTE Attractive
An acquirer could use GTE's markets as a base
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
Updated July 17, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.