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| | Bell, GTE in $53 Billion Merger |
 | | Bell Atlantic, No. 1 of the five regional Bell phone companies, has agreed to buy GTE, the largest independent local and long distance phone operator in the United States, in a stock deal valued at US$52.8 billion, the companies said this morning. |
 | | Bell Atlantic's fiber optic network provides service from the United Kingdom to Japan, but the company needs a link with a foreign partner that would give it a broader customer base and an international brand name, analysts said. |
 | | Bell Atlantic and GTE also provide overlapping wireless service in several states, and Bell Atlantic is part of the PrimeCo Personal Communications wireless alliance, which is building a wireless service in other areas in which GTE offers cellular service. |
| www.wired.com /news/business/0,1367,14038,00.html (759 words) |
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