NEW YORK -- GTE Corp. on Wednesday offered to buy MCI Communications Corp. for $28 billion in cash, escalating a bidding war for the nation's...

WASHINGTON -- GTE Corp. will provide some of its telephone customers high-speed links to the Internet, becoming the latest phone company to join the...

...being reviewed by the Justice Department, which is collecting detailed information from the companies and their rivals. GTE Corp. and Sprint Corp., which have raised concerns about the merger, confirmed Tuesday they have received civil subpoenas...

...of mega-mergers in the telecommunications industry. GTE Corp., Baby Bell regional phone companies and consumer groups...the union's ability to grow. The union had supported GTE Corp.'s proposal to buy MCI last fall, which failed. GTE...

...This week has brought two new mega-deals in the telecommunications industry -- on Tuesday, Bell Atlantic Corp. and GTE Corp. announced plans to merge, following Sunday's announcement of plans for combined international operations by British...

...funeral, Flaherty said in a recent interview. The author, a former vice president at both Colgate-Palmolive Co. and GTE Corp., is president, chief executive officer and founder of Image Marketing International, which specializes in communications...

...we have eliminated any overlap with WorldCom's Internet business," said MCI Chairman Bert Roberts. But rivals, GTE Corp. and Sprint Corp. were not appeased by MCI's action. Both companies oppose a MCI-WorldCom merger contending that...

...price-to-earnings ratio of 11, and Navistar International Corp. (NAV), at a P/E of 8; diversified telecom firms GTE Corp. (GTE) and MCI WorldCom Inc. (WCOM); plus Tricon Global Restaurants Inc. (YUM), owner of Pizza Hut, KFC and...

...said. New York-based Bell Atlantic had too much at risk to stay in the hunt-- a $62.55 billion acquisition of GTE Corp., which is still awaiting regulatory approval, analysts said. "If the bidding war made Bell Atlantic's stock price...

...The deal is among several recent telecommunications megamergers. Bell Atlantic Corp.'s $65.1 billion merger with GTE Corp. was proposed in July and is still pending. SBC Communications Inc. announced plans in May to buy Ameritech Corp...