Brief: Verizon Snaps Up OnePoint

FRAMINGHAM (08/14/2000) - Verizon Corp., the merged Bell Atlantic Corp. and GTE Corp., is getting into the building local exchange carrier (BLEC) market by buying OnePoint Communications, which specializes in selling packages of voice, video and data services to specific commercial buildings. Key to the deal is OnePoint's ties with real estate developers that own large office buildings and apartments. Verizon plans to offer voice, Internet access and streaming video-over-DSL connections within the buildings, according to Bruce Gordon, president of Verizon Retail Markets. The purchase is for an unspecified amount and should close by year-end, Verizon says.

Join the newsletter!

Error: Please check your email address.

More about GTEVerizon

Show Comments

Market Place