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However, the merged company took the better-known AT&T name and branding, changing its corporate name to AT&T Inc. to differentiate the company from the former AT&T Corporation. On December 1, 2005, the merged company's New York Stock Exchange ticker symbol was changed from "SBC" to the traditional "T" used by AT&T.
The new AT&T Inc. lacks the vertical integration that characterized the historic AT&T Corporation and led to the Department of Justice antitrust suit. [23] AT&T Inc. announced it would not switch back to the Bell logo, [24] thus ending corporate use of the Bell logo by the Baby Bells, with the lone exception of Verizon.
AT&T) and settled in the Modification of Final Judgment on January 8, 1982. AT&T agreed to divest its local exchange service operating companies, effective January 1, 1984. The group of local operating companies were split into seven independent Regional Bell Operating Companies, which became known as the Baby Bells. [1]
Post-breakup, the former parent company's main business was now AT&T Communications Inc., which focused on long-distance services, and with other non-RBOC activities. AT&T acquired NCR Corporation in 1991. AT&T announced in 1995 that it would split into three companies: a manufacturing/R&D company, a computer company, and a services company.
The current AT&T Inc. claims the original AT&T Corporation's history (dating to 1877) as its own, [39] but retains SBC's pre-2005 corporate structure and stock price history. As well, all SEC filings before 2005 are under SBC, not AT&T. AT&T made an attempt in 2011 to purchase T-Mobile for a $39 billion stock and cash offer. [40]
They briefly split in 2018 and 2020 after rumors of infidelity, but in both cases reconciled months later. You Might Also Like 4 Investment-Worthy Skincare Finds From Sephora
That makes sense since prices need to go up in order for a company to decide to split its shares. ... Apple did a 4-for-1 split on Aug. 28, 2020. Over the next year, the stock returned 20% but ...
The important System V Interface Definition (SVID) was written, attempting to standardize the various flavors of Unix, and define the official interfaces which made up a Unix operating system. In 1988, AT&T announced its intent to buy up to a 20% stake in Sun Microsystems, a company then best known for making high-end Unix workstations. [1]