GTE Corporation (extinct)

GTE Corporation (extinct)

GTE Corporation (extinct)

Overview
Date Founded

1918

Headquarters

1095 Avenue of the Americas,36th floor,New York, NY 10036

Type of Company

Private

Employees (Worldwide)

111K

Industries

Other Business & Consulting Services
Other Manufacturing
Cable, Satellite, and Radio Telecommunications
Equipment & Office Supplies

Company Description

GTE Corporation ranked as the world's third-largest publicly owned telecommunications company in 1996. With over 20 million telephone access lines in 40 states, the communications conglomerate was America's leading provider of local telephone services. The $6.6 billion acquisition of Contel Corporation in 1990 nearly doubled GTE's Mobilnet cellular operations, making it the second-largest provider of cellular telephone services in the United States, with over two million customers. GTE's strategy for the mid- to late 1990s focused on technological enhancement of wireline and wireless systems, expansion of data services, global expansion, and diversification into video services. On June 30, 2000, Bell Atlantic Corporation (BNTR) and GTE Corporation (GTTC) merged into one company, Verizon Communications (VCTR).

Contact Data
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Executives & Employees

Senior Director-Finance

Paths to GTE Corporation
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GTE Corporation
Recent Transactions
Details Hidden

Bell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Details Hidden

Alltel Corp. purchases GTE Corp. /Georgia Telephone Operations from GTE Corporation

Transaction Advisors
Accountant

Advised onBell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Investment Advisor

Advised onBell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Legal Advisor

Advised onBell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Investment Advisor

Advised onBell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Legal Advisor

Advised onBell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Legal Advisor

Advised onBell Atlantic Corp. purchases GTE Corporation resulting in a new company Verizon Communications, Inc.

Advisors & Consultants
Real Estate Agent

Managing Director at Jones Lang LaSalle

Legal Advisor

Founding Member at Sandberg Phoenix & von Gontard PC

Legal Advisor

Managing Partner at Bartlit Beck Herman Palenchar & Scott LLP

Key Stats and Financials As of 2017
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$13B
Non-Profit Donations & Grants
Political Donations
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