Advertisement

GTE said it expects Sprint losses to continue.

The long-distance carrier of Stamford, Conn.-based GTE will probably continue its losses through next year and possibly into 1987, before “certainly” showing a profit in 1988, said James Broadhead, president of GTE Communications Services Group. Sprint is expected to lose about $200 million this year, and Broadhead said 1986 results “might well be worse than 1985.” GTE has blamed the losses on high marketing costs and sharply higher access charges.

Advertisement
Advertisement