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GTE PRICES COMMON STOCK OFFERING AT $32-7/8 PER SHARE

 GTE PRICES COMMON STOCK OFFERING AT $32-7/8 PER SHARE
 STAMFORD, Conn. Sept. 16 /PRNewswire/ -- GTE Corp. (NYSE: GTE) today


announced it has priced its common stock offering of 30 million shares at $32-7/8 per share. The GTE offering amounts to about 3.4 percent of the company's approximately 895 million shares currently outstanding.
 The shares are being offered in concurrent domestic and international syndications of 24 million and six million shares, respectively. The underwriters have been granted options to purchase an aggregate of up to three million additional shares solely to cover over- allotments. PaineWebber Inc., Goldman, Sachs & Co. and Merrill Lynch & Co. are the managing underwriters for the U.S. offering, and affiliates of those firms and Salomon Brothers International Ltd. are managing the international offering.
 GTE is the fourth-largest publicly owned telecommunications company in the world. With approximately $20 billion in revenues in 1991, the corporation is the largest U.S.-based local-telephone company and the second-largest cellular-service provider in the United States.
 -0- 9/16/92
 /CONTACT: Harvey W. Greisman, 203-965-2903, after 6 p.m., 203-226-7661, or Tony Hamilton, 203-965-2853, after 6 p.m., 203-327-2162, or Julia Spicer in Washington, D.C., 202-463-5206, after 6 p.m., 202-797-0715, all of GTE/
 (GTE) CO: GTE Corp. ST: Connecticut IN: TLS SU: OFR


LR -- NY068 -- 0330 09/16/92 17:07 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:225
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