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CONTEL, GTE HOLDERS OK MERGER

Shareholders for Contel Corp. and GTE Corp. today overwhelmingly approved a $6.2 billion merger that will create the nation's second largest mobile-cellular telephone company.

GTE said about 98 percent of shareholders at its meeting in Stamford, Conn., or voting by proxy approved the merger. Atlanta-based Contel said about 97 percent of its shareholders at a meeting in New York or voting by proxy approved the merger.

The combined company would be second in size to McCaw Cellular Communications Inc., the nation's top cellular phone operation, and has been called an ideal match.

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