Costs, Revenues Are Being Trimmed at GTE
- Share via
GTE California, based in Thousand Oaks, is in the midst of a cost-cutting program, and the company has announced that its revenues, too, are being reduced. The reduction, mandated by the state Public Utilities Commission, will cut $100 million from the firm’s residential telephone income.
That amounts to a savings of $1.30 a month for the average residential customer.
The savings will show up on customers’ bills beginning this month as credits of 5.66% on local service and 5.35% on toll calls. Long-distance companies will also get a reduction on charges they pay GTE for access to its customers.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
