GTE’s Sprint and United Telecom will be folded into a new company, US Sprint Communications Co., that will have 4 percent of the long-distance market, or about 2.2 million customers, the companies announced.Īnalysts said the new joint venture will have efficiencies of scale that should help it do somewhat better against the giant American Telephone & Telegraph Co. and United Telecommunications Inc., both losing money in the long-distance telephone business, Thursday announced plans to merge their operations into a joint venture in hopes of challenging the dominant AT&T and runner-up MCI.
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