GTE declares quarterly dividend of 47 cents per share on the company's common stock.

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IRVING, Texas - GTE's Board of Directors today declared a regular quarterly dividend of 47 cents per share on the company's common stock. It will be paid on July 1, 2000 to GTE shareholders of record on May 22, 2000. GTE has approximately 967 million shares of common stock outstanding.

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Additional information about GTE can be found on the Internet at http://www.gte.com.

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