September 28, 2016 8:47 AM ET

Diversified Telecommunication Services

Company Overview of GTE Corporation

Company Overview

GTE Corporation, through its subsidiaries, provides integrated telecommunications services. It provides local, long distance and wireless telephone services, network monitoring and maintenance services, dial-up Internet access, high-speed data networks, satellite, cable, and video services. The company was formerly known as General Telephone & Electronics Corporation and changed its name to GTE Corporation in July 1982. GTE Corporation was founded in 1918 and is based in Irving, Texas. As of June 30, 2000, GTE Corporation operates as a subsidiary of Verizon Communications Inc.

1255 Corporate Drive

Svc04c08

Irving, TX 75038

United States

Founded in 1918

99,000 Employees

Phone:

972-507-5000

Fax:

972-507-5456

Key Executives for GTE Corporation

Executive Officer
Age: 63
Compensation as of Fiscal Year 2016.

GTE Corporation Key Developments

Verizon Communications and GTE Announce Pricing Terms of Exchange Offers

Verizon Communications Inc. announced the pricing terms of its previously announced seven separate private offers to exchange specified series of debt securities issued by Verizon and by GTE Corporation for new debt securities to be issued by Verizon and, in the case of the 6.94% debentures due 2028 of GTE Corporation, cash, each in accordance with the terms of the Exchange Offers. The Exchange Offers consist of the following: (a) an offer to exchange the 5.15% notes due 2023 of Verizon for new notes due 2036 of Verizon, provided that the principal amount of New Notes due 2036 to be issued in such Exchange Offer on an aggregate basis shall not exceed $3,000,000,000; (b) (i) an offer to exchange the 6.90% notes due 2038 of Verizon; (ii) an offer to exchange the 6.40% notes due 2038 of Verizon; (iii) an offer to exchange the 6.40% notes due 2033 of Verizon; (iv) an offer to exchange the 6.25% notes due 2037 of Verizon; and (v) an offer to exchange the GTE Debentures; in each case, for new notes due 2048 of Verizon and, in the case of the GTE Debentures, cash, provided that the principal amount of New Notes due 2048 to be issued in such Exchange Offers on an aggregate basis shall not exceed $4,500,000,000; and (c) an offer to exchange the 6.55% notes due 2043 of Verizon for new notes due 2055 of Verizon, provided that the principal amount of New Notes due 2055 to be issued in such Exchange Offer on an aggregate basis shall not exceed $5,000,000,000. The Exchange Offers are being conducted by Verizon upon the terms and subject to the conditions in a confidential offering memorandum, dated February 11, 2015, including, in the case of the 2048 Exchange Offers, the acceptance priority levels and, in the case of all Exchange Offers, possible proration, as described in the Offering Memorandum.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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