GTE will lay off 1,500 workers in a restructure that includes selling off unprofitable operations and cutting $500 million in annual costs.
The company said it would take a first quarter after-tax charge of $802 million. GTE was criticised by some analysts after it lost its bid for MCI to WorldCom.
CEO claims the firm is set to make 'bold acquisitions in the very near feature'
Global spend on datacentre tech will slow to 1.6 per cent in 2019
Traditional outsourcing increases 40 per cent year on year in Q3
MSP execs hoping to make splash in cybersecurity training pond with new business