What does GTE mean in NYSE Symbols?
This page is about the meanings of the acronym/abbreviation/shorthand GTE in the Business field in general and in the NYSE Symbols terminology in particular.
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What does GTE mean?
- GTE Corporation, formerly General Telephone & Electric Corporation was the largest independent telephone company in the United States during the days of the Bell System. Originally founded in 1926 as Associated Telephone Utilities, it went bankrupt in 1933 during the Great Depression, and reorganized as General Telephone in 1934. In 1991, it acquired the third largest independent, Continental Telephone. They also owned Automatic Electric, a telephone equipment supplier similar in many ways to Western Electric, and Sylvania Lighting, the only non-communications-oriented company under GTE ownership. GTE provided local telephone service to a large number of areas of the U.S. through operating companies, much as American Telephone & Telegraph provided local telephone service through its 22 Bell Operating Companies. The company also acquired BBN Planet, one of the earliest Internet service providers, in 1997. That division became known as GTE Internetworking, and was later spun off into the independent company Genuity to satisfy Federal Communications Commission requirements regarding the GTE-Bell Atlantic merger that created Verizon.