09.13.1999|Corporate

Vermont Approves Bell Atlantic - GTE Merger

Vermont Approves Bell Atlantic - GTE Merger

September 13, 1999

Media contact: Joan Jamieson, Bell Atlantic
802-863-0797
Bob Bishop, GTE
202-463-5206

SOUTH BURLINGTON, Vt. -- The Vermont Public Service Board today issued an order approving the merger of Bell Atlantic and GTE.

"We are pleased that, as in many other states, the Public Service Board has recognized the public interest benefits of this merger," said Louise McCarren, president and CEO of Bell Atlantic - Vermont. "Our companies soon will be able to build on our individual and combined strengths, to the benefit of all our customers. For example, the combined company will have a stronger presence in the market for data services, which will play an increasingly important role in the state economy. Vermont consumers will benefit from a stronger company."

In May, the U.S. Department of Justice cleared the merger, and shareholders of the two companies overwhelmingly approved it. Supporters include the AFL-CIO, the Communications Workers of America, the International Brotherhood of Electrical Workers, the League of United Latin American Citizens, Rainbow PUSH/Coalition, and many business and community leaders from areas served by GTE and Bell Atlantic.

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