The Pennsylvania Public Utility Commission approved the proposed merger of Bell Atlantic and GTE. The merger, which faced stiff opposition from competitors such as AT&T, Sprint and MCI, would make Bell Atlantic one of the largest telecommunications companies in the country. The competitors argued the merger would close the Pennsylvania market to other telecommunications companies and neither Bell Atlantic nor GTE would guarantee passing on merger-related saving to customers.
November 05, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Pennsylvania Public Utility Commission has signed off on the proposed merger of Bell Atlantic Corp. and GTE Corp. just weeks after an administrative judge recommended it be disapproved.
The merger, which faced stiff opposition from competitors such as AT&T, Sprint and MCI, would make Bell Atlantic one of the largest telecommunications companies in the country.
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