Peter Thonis
Peter Thonis
expect expense impact people
It's not a people target, it is an expense target, ... We do not expect a significant impact to the head-count at GTE.
adverse agreement change decision material ongoing
We made the decision to terminate the agreement on a material adverse change clause. It was because of the ongoing deterioration of their business.
action additional close focus helps move three time
With the MCI transaction close to completion, this is the right time for us to take action that helps us sharpen our focus on our three network-based businesses. This move will give them additional flexibility to maneuver in a fast-moving marketplace.
agreement announced merger
When we announced the merger agreement on Aug. 8, this was not the case.