BNET Industries
Last Fiscal Year Sales:$43.8B
- Private
- US
Dow Jones Description
Currently AT&T, Inc., formed in 2005 by SBC Communications' purchase of its former parent company, AT&T Corp. As a part of the merger, SBC shed its name and took on the iconic AT&T moniker and the ?T? stock-trading symbol. Despite that the corporation is considered SBC renamed, most of its major subsidiaries were part of AT&T prior to 1984, including the Bell Operating Companies and the long distance division. SBC Communications Inc. was a Fortune 50 company whose subsidiaries, operating under the SBC brand, provided a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC held a 60 percent ownership interest in Cingular Wireless, which served more than 50 million wireless customers. SBC companies provided high-speed DSL Internet access lines to more American consumers than any other provider and were among the nation's leading providers of Internet services. SBC companies also offered satellite TV service.
Number of Employees 189,000
Peer Companies
NAICS Code : 517310
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News & Analysis
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investment and sbc communications inc. - All News and Analysis
FCC OKs SBC/AT&T, and Verizon/MCI mergers
- 2005-11-04
The Federal Communications Commission approved the mergers of SBC Communications Inc. with AT&T Corp. and Verizon Communications Inc. with MCI Inc. The Commission concluded that consumers will reap the rewards of the public-interest benefits that will flow from these mergers. These benefits include integration of complementary networks, which will...
FCC allows SBC, Verizon mergers — with conditions
- 2005-11-01
WASHINGTON -- Regulators agreed Monday to approve SBC Communications' takeover of AT&T and Verizon Communications' purchase of MCI -- deals that allow the nation's biggest phone companies to grow bigger -- but with conditions. By 4-0 votes, the Federal Communications Commission approved the multibillion-dollar mergers with conditions that...
Final federal agency may approve telecom mergers today
- 2005-10-31
Two multibillion-dollar telecom mergers could clear their final federal hurdle today and be approved, with conditions, by the Federal Communications Commission. SBC Communications, which is buying AT&T, and Verizon, which is buying MCI, were close Sunday night to agreeing to concessions aimed at promoting competition and preventing the companies...
US FCC approves two huge telecom mergers
- 2005-10-31
WASHINGTON AFP — The Federal Communications Commission approved SBC Communications' acquisition of AT and T Corp. and Verizon's purchase of MCI, increasing the size of the two largest US telecom groups. The FCC's four commissioners -- one seat is vacant -- voted just days after antitrust reviewers at the...
Justice Department clears 2 telecom mergers
- 2005-10-28
WASHINGTON -- The nation's two biggest local phone companies received approval Thursday from antitrust regulators to buy the two largest long-distance carriers in multibillion-dollar mergers that would change the landscape of the telecommunications industry. The Justice Department cleared the mergers of SBC Communications Inc. with AT&T and of...
SBC/AT&T merger receives clearance from U.S. Department of Justice; Combined company to divest certain assets; Decision underscores competitive realities of marketplace.
- 2005-10-28
M2 PRESSWIRE-28 October 2005-AT&T: SBC/AT&T merger receives clearance from U.S. Department of Justice; Combined company to divest certain assets; Decision underscores competitive realities of marketplaceC1994-2005 M2 COMMUNICATIONS LTD RDATE:28102005 SAN ANTONIO, Texas, and BEDMINSTER, N.J. - SBC Communications Inc. (NYSE:...
US Justice Dept. approves SBC-AT&T, Verizon-MCI mergers
- 2005-10-27
WASHINGTON AFP — The US Justice Department approved the telecommunications industry mega-mergers of Verizon with MCI and SBC Communications with AT&T, subject to the divestiture of some operations by both groups. The approvals clear a major hurdle to the deals that create two telecom powerhouses in the United States....
Telecom mergers make progress
- 2005-10-24
Two big mergers that will reshape the telecom industry appear set to clear major hurdles as early as this week. SBC Communications tentatively has agreed to a key concession to win antitrust approval for its purchase of AT&T, and Verizon has done the same for its merger with MCI,...
Qwest urges FCC to impose restrictions on merging firms
- 2005-10-13
DENVER -- Qwest Communications officials pressed their case Wednesday for the government to impose restrictions on two telecommunications mergers, reiterating their contention the pending deals could hurt competition and raise prices. As proposed, the unions of SBC Communications Inc. and AT&T and Verizon Communications Inc. and MCI Inc....
Early Morning Stock Alert! September 14, 2005.
- 2005-09-14
M2 PRESSWIRE-14 September 2005-Wall Street News Alert: Early Morning Stock Alert! September 14, 2005C1994-2005 M2 COMMUNICATIONS LTD RDATE:14092005 Weston, FLA. - Wall Street News Alert's "stocks to watch" this morning are: MidNet, Inc. (OTCBB: MIDX), FiberNet Telecom Group, Inc. (NASDAQ:...
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