Gte Hits The Info On Ramp
Get out your Information Superhighway scorecard, and pencil in one more late player. On May 24, GTE announced a relatively modest $250 million proposal to offer video services to 500,000 homes by the end of 1995. GTE has been slow to enter the race to combine phone, video, and computerized services, in part because its executives remain skeptical about the demand. But its prototype of interactive cable in Cerritos, Calif., now concluded, was among the earliest tests of the technology. Now, GTE will deliver video to four markets where it provides local telephone service and says it plans to extend service over the next decade to some seven million homes.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Morgan Stanley Says Stock Slide Was Appetizer for Real Deal
- U.S. Stocks Fall With Treasuries, Dollar Climbs: Markets Wrap
- U.S. Pays Up to Auction $179 Billion of Debt in a Span of Hours
- Florida Teachers’ Pension Fund Invested in Maker of School Massacre Gun
- ‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far