GTE, Bell Atlantic Applaud Merger Ruling

Full Transparency

Our editorial transparency tool uses blockchain technology to permanently log all changes made to official releases after publication.

More of our content is being permanently logged via blockchain technology starting [10.23.2020].

Learn more

GTE, Bell Atlantic Applaud Merger Ruling

Nov. 29, 1999


Paul Miller,

Lacy Yeatts,

The Virginia State Corporation Commission today approved the merger
of GTE and Bell Atlantic. Attribute the following statement to Jim Diaz,
president of GTE South and Hugh Stallard, president and CEO of Bell
Atlantic -- Virginia.

"We applaud the State Corporation Commission's decision to
approve the merger of GTE and Bell Atlantic in Virginia. The
commission recognizes that this corporate union carries with it numerous
tangible benefits for many Virginians.

"Among other things, Bell Atlantic's rates for basic service will be
capped through the year 2003. Meanwhile, some of GTE's rates in
southwest Virginia will be reduced.

"Moreover, over a million Bell Atlantic and GTE customers will
enjoy expanded local calling as a result of the merger. And, the
companies will invest over $1.75 billion in Virginia over a three-year
period following the merger. This will help bring about stepped-up
deployment of broadband technologies.

"The decision to approve the merger was undoubtedly the right
thing to do. This is clearly a win for all Virginians."

Related Articles


Virtual Reality (VR) has begun to transform medicine in profound ways. VR solutions are being used to train doctors and to plan and practice operations.


Verizon’s military discounts site shows everything you need to know about Wireless offers, FiOS savings and military career opportunities, all in one place, making it simple for service members and veterans to discover what Verizon has to offer.