As the parent company of the Bell System, AT&T provides the finest telephone service throughout the world. The company has 258,870 employees. The Bell System was divested in 1984. AT&T agreed to divest its local telephone operations but retain its long distance, R&D and manufacturing units.
SBC Communications Inc., (formerly known as Southwestern Bell Corp.) was born out of the divestiture. In 1996, SBC Communications Inc. embarked on a series of acquisitions. They were Pacific Telesis Group (1997), Southern New England Telecommunications (1998), and Ameritech Corporation (1999).
With the merger of AT&T Corp. and SBC Communications Inc., AT&T is now one of the largest global telecommunications and networking companies. The mission of AT&T is: "Setting the standard for a new era of communications and entertainment".
The businesses of AT&T
- Internet Services (High Speed Internet, WiFi, CallVantage).
- Voice (Local Service and Long Distance Service).
- Digital Satellite TV (DISH Network, Homezone).
- Wireless Phone
Financial Hihtlights (As per 2010 annual report):
|Net Revenue||=||$ 124,280 ml.|
|Net Income||=||$ 19,864 ml.|
|Total Assets||=||$ 268,488 ml.|
The organization is headed by Edward E. Whitacre Jr., chairman and chief executive officer. The structure includes executives and directors.
- AT&T ranks 49th throughout the world according to Forbes Magazine.
- AT&T ranks 12th in the Fortune 500 list.
- AT&T ranks 121th in the Fortune Global 500 list.
Recent Merger and Acquisition
AT&T and Bellsouth have recently agreed to a merger whereby AT&T Inc. will acquire Bellsouth Corporation.
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