53
AT&T
(NYSE: T)
USA
This isn't ol' Ma Bell anymore. San Antonio (Tex.)-based SBC Communications acquired AT&T and took its name in 2005. SBC chief Ed Whitacre snapped up the nation's biggest long-distance provider for its formidable expertise in selling service to large companies. The move allowed SBC to bulk up into a $66 billion behemoth. The acquisition also went a long way to offset the losses in local phone lines that have plagued telecom outfits like SBC. Whitacre didn't stop there. Earlier this year he struck again, announcing a deal to buy regional phone company BellSouth. That deal will give the new AT&T full control of Cingular Wireless, its joint venture with BellSouth, and the largest wireless carrier in the land.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 49,449.0 |
| Sales Growth (over prev. year) |
21 % |
| Profits* ($ Millions) | 5,346.0 |
| Return on Equity | 9.7 % |
| Total Return on Sales (12-mo.) | 17.4 |
| Share Price As of 5/31/06 | 26.06 |
| CURRENT MARKET INFO | NYSE: T |
| No. of Employees | 186,560 |
| Industry | Telecommunications |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
AT&T provides telecommunication services in the U.S. and internationally. It offers various landline telecommunications services, including local, long-distance voice, switched access, data, and messaging services, as well as satellite television services. The company also provides wireless voice and data communications services in the U.S. AT&T sells its voice, data, long-distance, outsourcing, managed Web hosting, security services, and network integration services on both retail and wholesale basis to large business and governmental customers, as well as to small and midsize businesses, and residential consumers. Further, it provides advertising, Yellow and White Pages directories, and electronic directory publishing. The company was incorporated in 1983. It was formerly known as SBC Communications and changed its name to AT&T in 2005. The company is headquartered in San Antonio, Tex.
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