November 18, 2005

It's Official: SBC Buys AT&T; Becomes "New" AT&T

: SBC Communications closed its deal to acquire AT&T Corp. today, waved a magic wand and became AT&T Inc. when California regulators delivered the last approval needed. Ed Whitacre, Jr. becomes chairman and CEO of the new company; trading under the "T" symbol begins Dec. 1. The logo will be unveiled Monday. For a sense of scope, the new AT&T:
-- is the largest U.S. provider of DSL & local/long-distance voice
-- the #1 provider of data services to the Fortune 1000
-- 60 percent owner of market-leading Cingular Wireless (52 million subscribers)
Originally written by staci at PaidContent.org: Link
Posted by Kyle Bunch at 06:19 PM
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