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People also ask
Did Bell Atlantic buy GTE?
Does Verizon own GTE?
How many Bell Atlantic shares did GTE shareholders receive?
When did Bell Atlantic & GTE merge?
Jun 30, 2000 · Under the terms of the merger agreement, GTE shareowners are receiving 1.22 shares of Verizon Communications common stock in exchange for each share of GTE common stock owned as of June 30, 2000, the effective date of the merger.
On July 1, 2010, Verizon sold many former GTE properties to Frontier Communications. Other GTE territories in California, Florida, and Texas were sold to Frontier in 2015 and transferred in 2016, thus ending Verizon's landline operations outside of the historic Bell Atlantic footprint.
Jul 28, 1998 · Under the terms of the definitive agreement, which was approved by the boards of directors of both companies, GTE shareholders will receive 1.22 shares of Bell Atlantic stock for each GTE share they own. (GTE had 963,241,244 shares outstanding as of June 30, 1998.)
Apr 14, 1999 · GTE and Bell Atlantic shareholders will vote on the merger at their annual meetings, which will be held on May 18 and May 19, respectively, in Atlanta. Information about the merger and other matters to be voted on at the companies' annual meetings are included in the joint proxy statement and prospectus.
Nov 9, 2016 · Then in 2000, when Bell Atlantic acquired rival GTE, the companies rebranded their operations into the Verizon Communications we know today.
Nov 30, 2018 · Bell Atlantic completed the acquisition of GTE on June 30, 2000, and the new entity was named as Verizon Communications. Bell Atlantic Corp acquired GTE in an all-stock deal valued at $52.8 billion combining Bell Atlantic’s local and wireless phone service with...
Jul 28, 2021 · What Happened? On this day in 1998, Bell Atlantic Corp. and GTE Corp. announced a $52 billion telecom merger that would form Verizon Communications Inc. VZ. Where The Market Was: The S&P 500...
