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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sbc communications inc. and telecommunications - All News and Analysis
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...
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,...
State closes in on telecom regs; SBC backs House bill; competitors neutral.(SBC Communications Inc.)
- 2005-10-24
Byline: Amy Lane It's not everything everybody wants. But the latest version of Michigan telecommunications law, passed by the state House last Thursday, moves the state closer to what it will ultimately get. House Bill 5237 has the support...
Telecom rewrite has new rules for wireless.
- 2005-10-17
Byline: Amy Lane A Michigan telecommunications-law rewrite took a sharp turn last week, passing the Senate with new regulations on wireless carriers and required business-call offerings. For consumer interests and competitors to SBC Communicatio Byline: Amy Lane A...
Mergers may vex regulators
- 2005-09-21
As federal regulators weigh what, if any, conditions to impose on two mammoth phone company mergers, they face a vexing Rubik's cube of possibilities. Any requirements they attach to SBC Communications' acquisition of AT&T and Verizon's purchase of MCI could force some customers to do business with a telecom...
Draft legislation would ease franchising: net neutrality also in House proposal.
- 2005-09-19
Washington -- Within a few days of filing some paperwork and putting up a bond, phone companies would be able to waltz into cable markets and offer video programming with minimal local interference, according to House draft legislation circulated last week. In...
Draft Legislation Would Ease Franchising (Multichannel News)
- 2005-09-19
Net Neutrality Also in House Proposal Washington-- Within a few days of filing some paperwork and putting up a bond, phone companies would be able to waltz into cable markets and offer video programming with minimal local interference, according to House draft legislation circulated last...
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