 When the Federal Communications Commission (FCC) approved the sale in 1999, the GTE consortium named Jon E. Slater as the new PRTC president and CEO.GTE announced plans to invest US$1 billion in the nation's telecommunications infrastructure, focusing on upgrades to the network and wireline growth.While the strike-ending agreement forbade reprisals against workers, the president of the Government Development Bank, Marcos Rodriguez-Ema, admitted before the strike that the new PRTC owners would impose "voluntary layoffs, shifting of employees from subsidiaries to other companies, and early retirement".