Conference call info for this a.m.
Tuesday May 6 8:15 AM EDT
Company Press Release
GTE Press Conference to Announce Company's Data and
Related Growth Strategies
STAMFORD, Conn.--(BUSINESS WIRE)--May 6, 1997--You are invited to attend a press
conference at 11:15 EDT today in the Park Avenue Center Room on the fourth floor of the
Waldorf-Astoria, Park Avenue at 48th. Street, New York City, to discuss details of GTE's
initiatives to establish the company as a leading national provider of telecommunications services. As
announced this morning, these initiatives include:
the acquisition of BBN, a leading provider of end-to-end Internet solutions, in a transaction
valued at approximately $616 million;
a strategic alliance with Cisco Systems, Inc. to jointly develop enhanced data and Internet
applications for customers; and
the purchase of a national, state-of-the-art fiber-optic network being constructed by Qwest
Communications.
Joining GTE Chairman and Chief Executive Officer Charles R. Lee will be GTE President Kent B.
Foster and BBN Chairman and Chief Executive Officer George H. Conrades.
CALL IN OPTION AVAILABLE
If you wish to participate in the press conference but cannot do it in person, you may listen to the
proceedings and ask questions via teleconference by calling 1-800-474-4098; ID: ``GTE News
Conference hosted by Mr. Lee'' or ID No. 336642. Overseas media may call 203-830-6439.
For more information, call Sharon Cohen-Hagar, 203-965-3188.
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