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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.
United States v. AT&T, 552 F.Supp. 131 (1982), was a ruling of the United States District Court for the District of Columbia, [1] that led to the 1984 Bell System divestiture, and the breakup of the old AT&T natural monopoly into seven regional Bell operating companies and a much smaller new version of AT&T.
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.
AT&T took quick advantage and by 1930, 80% of the nation's telephones were owned by AT&T, and 98% of the remainder connected to its network. [13] [14] During most of the 20th century, due to federal agreements, AT&T maintained a monopoly on telephone service in the United States. It was usually the largest company in the U.S. in terms of assets ...
The AT&T Wireless brand was retired by Cingular on April 26, 2005, six months after the close of the merger. This was per a pre-spinoff agreement with AT&T Corp. that stated that if AT&T Wireless was to be bought by a competitor, the rights to the name AT&T Wireless and the use of the AT&T name in wireless phone service would revert to AT&T Corp.
2013 has not been kind to AT&T . Shares of the telecommunications giant have gained just 6% year to date while the Dow Jones soared 22% higher. Worse, AT&T shares have been totally dead money in ...
Tens of thousands of Americans had trouble making phone calls, sending texts, reaching emergency services or even accessing the internet on Thursday because of a nearly 12-hour AT&T network outage.
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