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In 1994, AT&T ended production of the Princess telephone. It continues to lease the Signature Princess model. Due to its removal from production, and its attractive design, the Princess has become a collectible phone. Princess telephones in pink, turquoise, and black are among the rarest colors of the phones and most valuable.
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In 2007, some 580,000 customers still leased phones through the company. [1] A majority of the customers are elderly who have found convenience in simply leasing the same telephone. [ 2 ] Most customers are also leftovers from before the 1984 breakup of AT&T , who did not opt to purchase their telephones before the buyout option expired in 1987.
AT&T Consumer Products became responsible for leased telephones and manufactured telephones on January 1, 1984. AT&T Consumer Products was absorbed into AT&T Technologies in 1989. AT&T Consumer Products ceased operations of AT&T Phone Centers in 1995, deciding to simply focus on leasing equipment and on sales at department stores.
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AT&T (originally American Telephone & Telegraph Company), after divesting ownership of the Bell System, restructured its remaining companies into three core units. American Bell, Bell Labs and Western Electric were fully absorbed into AT&T, and divided up as an umbrella of several specifically focused companies held by AT&T Technologies, [1] including:
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