Copying and distributing are prohibited without permission of the publisher
Seidenberg: going the distance with GTE
01 September 1999
Bell Atlantic appears to be on the verge of obtaining approval from the FCC to offer long-distance services and merge with GTE. Projected merger synergies and its ability to offer new services, such as long distance and data, including DSL, are key to the operator's growth. Ivan Seidenberg, Bell Atlantic's chairman and CEO, talks to Mark Holmes about these issues.
Bell Atlantic is one of the largest telcos in the US. After the
proposed merger with GTE, it would become one of the top four
global players. The merged company would have estimated pro
forma revenues of over $63 billion.
Bell Atlantic also hopes to gain approval from the Federal
Communications Commission (FCC) to offer long-distance services
at the end of this year. So far, however, the FCC has rejected
all RBOC applications, claiming that the RBOCs have failed to
open up their markets to competition. The situation seems to be
The operator hopes to close its merger with GTE within the
next nine months. Once these two major obstacles have been
overcome, Bell Atlantic will face other challenges to maintain
strong earnings growth, as Simon Flannery, telecoms equity
analyst at Morgan Stanley Dean Witter, explains: "I think that
they have to close the merger which is tied to long distance,
To continue reading this article, please register for an extended free trial by going to the box below. If you are already a subscriber or a trialist, please log in...
Already have an account?
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Taking a free trial will give you access to all of Global Telecoms Business(possibly excluding some surveys and articles).
Registration is quick. Start your free extended trial today.