Advertisement
YOU ARE HERE: LAT HomeCollectionsUnited Telecommunications Inc
IN THE NEWS

United Telecommunications Inc

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
January 3, 1992 | From Times Staff and Wire Reports
GTE Selling Stake in US Sprint: GTE Corp. will sell its remaining stake in US Sprint Communications Co. for $530 million to United Telecommunications Inc., the companies announced. GTE, a leading local telephone company, bought US Sprint in 1983, but sold 50% of the long-distance phone firm to United in 1986. GTE said in 1988 that it wanted to get out of the long-distance telephone business. United will pay $250 million in cash on the closing date, which is expected to be Jan. 31.
Advertisement
BUSINESS
January 3, 1992 | From Times Staff and Wire Reports
GTE Selling Stake in US Sprint: GTE Corp. will sell its remaining stake in US Sprint Communications Co. for $530 million to United Telecommunications Inc., the companies announced. GTE, a leading local telephone company, bought US Sprint in 1983, but sold 50% of the long-distance phone firm to United in 1986. GTE said in 1988 that it wanted to get out of the long-distance telephone business. United will pay $250 million in cash on the closing date, which is expected to be Jan. 31.
BUSINESS
April 20, 1988 | From Times Wire Services
Two regional telephone companies, including San Francisco-based Pacific Telesis, reported strong first-quarter earnings on Tuesday. The picture was mixed in the long-distance business, however, with MCI Communications posting gains while US Sprint continued its string of losses. Pacific Telesis, citing savings from early retirements and the retrenchment of its computer sales operation, reported first-quarter earnings of $300 million, up 28.2%. Revenue rose 7.9% to $2.31 billion.
BUSINESS
October 29, 1989 | BRUCE KEPPEL, TIMES STAFF WRITER
On the southwestern outskirts of this city sits a 19th-Century farmhouse backed by a barn, a blacksmith's shop and a covered wagon. Now a local museum, Alexander Majors' historic home stands as a modest monument to this region's rich past as a major jumping-off point for Western settlers and site, 125 years ago, of a key defeat for the Confederate Army.
BUSINESS
November 3, 1988 | BRUCE KEPPEL, Times Staff Writer
After stumbling badly out of the starting blocks, US Sprint finally seems to be hitting its stride. Sprint, the nation's third-largest long-distance telephone firm, managed to survive the near-disaster that followed its creation through the merger of two rival companies a little more than two years ago. It has struggled through complicated billing problems, monumental losses totaling $1.8 billion and the quick departure of two presidents.
Los Angeles Times Articles
|