09.08.1999|Corporate

GTE Delaware, L.P. announces it will redeem its 9-1/4% Cumulative Monthly Income Preferred Securities, Series A.

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Irving, Texas - GTE Delaware, L.P., acting through its General Partner, GTE Corporation, announced it has notified the record holder of its 9-1/4 % Cumulative Monthly Income Preferred Securities, Series A (Cusip 36232E202) that it will redeem the issue on October 17, 1999 at $25.10278 per share. This represents a redemption price of $25.00 per share plus accrued and unpaid dividends in the amount of $0.10278 per share. These securities are currently traded on the New York Stock Exchange under the symbol GTE Pr Z.

The 9-1/4% Cumulative Monthly Income Preferred Securities, Series A are redeemable through The Depository Trust Company only. Questions relating to the redemption of these securities may be referred to 1-800-230-1032.

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