AT&T (US)

AT&T is one of America's two dominant telecoms giants, created from the reassembly of some of the disparate businesses formed by the break-up of the old Bell telephone system in the early 1980s. The resulting group is now the country's biggest provider of telecommunication services by revenues. In its broadest sense, the current business is the result of the acquisition in 2005 of "old" AT&T by regional operator SBC, and the subsequent purchase of the latter's wireless partner BellSouth. The merged business adopted the renowned AT&T name, as well as an updated version of its old corporate logo. Mirroring the fixed line business, SBC and Bell South's Cingular wireless service has in turn reinvented itself as a new version of the old AT&T Wireless company which it acquired in 2004. It is a welcome reinvention of a once-mighty brand which had endured a dramatic decline in its fortunes between 2000 and 2005. The latest stage in the company's growth came in early 2011 with a $39bn bid to acquire smaller competitor T-Mobile USA. That takeover would have created a mammoth business with 130m wireless customers, re-establishing AT&T as the #1 mobile provider. However, the Justice Department and FCC both issued legal challenges to the deal on competition grounds, persuading the group to abandon its plan at the end of the year.

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Competitors: See Telecoms Sector index for competitive companies.

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AT&T website

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