Rapid-fire acquisitions have created the nation’s largest telecom. Three deals profoundly changed the grown-up Baby Bell, formerly SBC Communications. In 2004, SBC led a deal to combine AT&T Wireless with Cingular, its joint venture with BellSouth. The following year, SBC changed its name to AT&T after acquiring that fabled telecom. And in December, CEO Ed Whitacre closed a merger with BellSouth. AT&T’s assets now include the nation’s largest wireless network. Whitacre pursues mergers that promise huge synergies—$8 billion in annual cost savings over the next three years—and aims to pump that money into innovation. The behemoth now is ramping up a $5 billion fiber network complete with TV service.
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|Economic Sector||Telecommunication Services|
|Industry||Integrated Telecommunication Services|