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    Evolution of the Phone: A look at telephone technology through the decades.
    Bell Laboratories
    A famous business organization
    business organization
    AT&T Indiana Headquarters, Indianapolis, Indiana, circa October 2015.
    AT&T Corporation

    GTE Corporation

    American company
    Also known as: General Telephone and Electronics Corporation
    Written and fact-checked byThe Editors of Encyclopaedia Britannica
    The Editors of Encyclopaedia Britannica
    Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.
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      LV enV2
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      The phone, designed by Verizon Wireless and released in 2008, featured a music player, games, messaging, a camera, and a camcorder.
      Verizon Wireless/PRNewsFoto/AP Images
      formerly (1959–82):
      General Telephone and Electronics Corporation
      Date:
      1959 - present
      Ticker:
      VZ
      Share price:
      $49.46 (mkt close, Feb. 12, 2026)
      Market cap:
      $208.57 bil.
      Annual revenue:
      $138.19 bil.
      Earnings per share (prev. year):
      $4.06
      Sector:
      Communication Services
      Industry:
      Diversified Telecommunication Services
      CEO:
      Mr. Daniel H. Schulman
      Headquarters:
      Stamford

      GTE Corporation, U.S.holding company for several U.S. and internationaltelephone companies. It also manufactures electronic consumer and industrial equipment. It is headquartered inStamford, Connecticut.

      General Telephone was founded in 1926 as Associated Telephone Utilities by Sigurd Odegard, aWisconsin phone-company owner who wanted to acquire small independent phone companies. The company went bankrupt during theGreat Depression and, in 1934, was reorganized as General Telephone. Growth was modest until the accession of Donald C. Power as president in 1950. He immediately bought the Automatic Electric Company, a telephone-equipment manufacturer, and in 1958 merged with Sylvania Electronics. The two acquisitions gave GTE the capability to manufacture the electronic switching systems needed by a phone company.

      Phone service is provided primarily to rural areas not served byAmerican Telephone and Telegraph Corporation; the major exceptions are inCalifornia suburbs and the Tampa, Florida,metropolitan area. The company also manufactures sophisticatedelectronics equipment for the U.S. military. It entered the data-processing field in 1979 with the purchase of Telenet, operator of a nationwide computer data switching network. GTE and Bell Atlantic Corporation merged to become Verizon Communications in 2000.

      This article was most recently revised and updated byRichard Pallardy.

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