Kansas City-based United Telecommunications Inc. posted a...
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Kansas City-based United Telecommunications Inc. posted a big jump in profit for 1986, compared to a year earlier. The previous year’s results have been restated to reclassify Amerisource, which was sold in 1986, as a discontinued operation. Also, 1985 results included a non-recurring charge of $1.87 per share related to the formation of US Sprint, a partnership that combined United Telecom’s long-distance and data communications businesses with those of GTE.
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