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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.
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.
AT&T announced in 1995 that it would split into three companies: a manufacturing/R&D company, a computer company, and a services company. NCR, Bell Labs and AT&T Technologies were to be spun off by 1997. In preparation for its spin-off, AT&T Technologies was renamed Lucent Technologies. Lucent was completely spun off from AT&T in 1996.
Despite selling off its media arm and shedding over 19.6% on Monday, AT&T (NYSE:T) could be on its way to a solid future with its current strategic moves and business focus. It was unclear what ...
In May 2021, AT&T announced it will spin off WarnerMedia which will merge with Discovery, Inc. for $43 billion. [105] The merger was completed on April 8, 2022. [106] Electronic Arts, who were a bidder in the proposed sale of Warner Bros Interactive Entertainment, purchased the mobile gaming studio Playdemic from WBIE for US$1.4 billion in June ...
AT&T announced in 1995 that it would split into three companies: a manufacturing/R&D company, a computer company, and a services company. NCR, Bell Labs and AT&T Technologies were to be spun off by 1997. In preparation for its spin-off, AT&T Technologies was renamed Lucent Technologies. Lucent was completely spun off from AT&T in 1996.
AT&T's long-term debt now stands at $126 billion, down from more than $128 billion in 2022. Shares are up 42% over the past year, according to Yahoo Finance data. Verizon and T-Mobile shares are ...
The legacy media company, forged by the union of AT&T spinoffs WarnerMedia and Discovery in April 2022, has lost more than $40 billion in its market valuation since then. "WBD's market cap is a ...