Washington Utilities and Transportation Commission Approves Bell Atlantic/GTE Merger
December 16, 1999
|Media contact:||Bob Bishop,
Bob Varettoni, Bell Atlantic
OLYMPIA, Wash. -- The proposed merger of Bell Atlantic Corp. and GTE Corp. cleared another hurdle today with approval of the merger by the Washington Utilities and Transportation Commission (WUTC).
Lida Tong, GTE's director of regulatory and government affairs for Washington state, said, "The WUTC has recognized that this merger promises to benefit Washington state customers both in the short and long term. We are pleased that they have approved the merger."
"Perhaps most importantly for consumers in the long term," Tong said, "is that the merger establishes a world-class competitor that has the size and strength to compete head-on against companies like AT&T and MCI WorldCom."
Tong added, "GTE's 900,000 in-region customers in Washington state can expect to continue to receive the same excellent service once the merger has been approved."
GTE and Bell Atlantic announced last year that they had agreed to a merger of equals.
This latest approval leaves only two states -- California and Ohio -- reviewing the merger, along with the Federal Communications Commission. The U.S. Department of Justice has given its clearance, as have shareholders of the two companies. The merger has also received endorsement of the AFL-CIO, the Communications Workers of America, and the International Brotherhood of Electrical Workers.
Additional information about the Bell Atlantic/GTE merger can be found at http://www.mergerinfo.com.