Sunday, 23 October 2011
CASE 351 - AT&T
AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, Dallas, Texas, United States. It is the largest provider of mobile telephony and fixed telephony in the United States, and is also a provider of broadband and subscription television services. As of 2010, AT&T is the 7th largest company in the United States by total revenue, as well as the 4th largest non-oil company in the US (behind Walmart, General Electric and Bank of America). It is the 3rd largest company in Texas by total revenue (behind ExxonMobil and ConocoPhillips) and the largest non-oil company in Texas. It is also the largest company headquartered in Dallas. In 2011, Forbes listed AT&T as the 14th largest company in the world by market value and the 9th largest non-oil company in the world by market value. It is the 21st largest mobile telecom operator in the world with over 100.7 million mobile customers.
Southwestern Bell Corporation was one of seven Regional Bell Operating Companies that were incorporated in 1983 by AT&T Corp following the break-up of the original AT&T as a result of the United States v. AT&T antitrust suit. The company changed its name in 1995 to SBC Communications Inc. and again in 2005 to AT&T Inc. after it purchased its former parent company, AT&T Corporation. The newly merged company took on the iconic AT&T logo and stock-trading symbol (NYSE: T, for "telephone").
The current AT&T reconstitutes much of the former Bell System and includes ten of the original 22 Bell Operating Companies along with one it partially owned (Southern New England Telephone), and the original long distance division. The company is headquartered in downtown Dallas, Texas
Bell Operating Companies
AT&T payphone signage.
Of the twenty-two Bell Operating Companies which AT&T Corp. owned prior to the 1984 agreement to divest, eleven (BellSouth Telecommunications combines two former BOCs) have become a part of the new AT&T Inc. with the completion of their acquisition of BellSouth Corporation on December 29, 2006:
BellSouth Telecommunications (formerly known as Southern Bell; includes former South Central Bell)
Nevada Bell (formerly known as Bell Telephone Company of Nevada)
Pacific Bell (formerly Pacific Telephone & Telegraph)
Wisconsin Bell (formerly Wisconsin Telephone)
Southern New England Telephone – Now wholly owned; the original AT&T held 16.8% interest prior to 1984.
Former operating companies
The following companies have gone to defunct status under SBC/AT&T ownership:
Southwestern Bell Texas – a separate operating company created by SBC, absorbed operations of original SWBT on December 30, 2001 and became Southwestern Bell Telephone, L.P.; eventually merged into SWBT Inc. in 2007 which became the current Southwestern Bell
Woodbury Telephone – merged into Southern New England Telephone on June 1, 2007.