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The new company then acquired BellSouth for $85.8 billion on January 3, 2007, with FCC approval. [16] Bell Atlantic merged with NYNEX on August 18, 1997, in a $25.6 billion deal, retaining the name Bell Atlantic, [17] and then with non-Bell GTE on June 30, 2000, to create Verizon Communications in a $70 billion deal. [18]