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GTE Seen As Takeover Target
From: "Randall S. Benn" <rbenn () clark net>
Date: Sun, 20 Jul 1997 23:48:36 -0400

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.

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