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GTE MCI merger could reshape U S phone business
GTE Corp bids $28 billion for MCI Communications, a deal that could redefine long distance local service and Internet access. Analysts warn the merger would face heavy FCC antitrust scrutiny and Baby Bell protests, unlike prior mega deals. The outcome hinges on FCC approval, opening potential for further all in one service consolidations.
MENTIONED IN THIS ARTICLE
David E. Kalish
New York
GTE
GTE Corp
Cations Corp
Federal Communications. Commission
WorldCom Inc
Christine Heckart
Tulsa
FCC
At&t Corp
SBC Communications Inc
Southwestern Bell
Pacific Telesis Group
At&t
SBC
Reed Hundt
Sprint
WorldCom