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In February 2005, SBC announced its plans to acquire former parent company AT&T Corp. for over $16 billion. SBC took on the AT&T name upon merger closure on November 18, 2005. SBC began trading as AT&T Inc. on December 1, 2005, but began re-branding as early as November 21 of the same year. In 2006 AT&T Inc. purchased BellSouth. [3]
From late 2002 to 2005, Southwestern Bell conducted business under the following names: SBC Arkansas, SBC Kansas, SBC Missouri, SBC Oklahoma, SBC Southwest, and SBC Texas. Southwestern Bell payphone with new AT&T signage. SBC Communications bought AT&T Corp. on November 18, 2005, and changed its name to AT&T Inc. Shortly afterwards, on January ...
AT&T Corporation, the original parent, was acquired effective November 18, 2005, by SBC, which renamed itself AT&T Inc. and began using the ticker symbol "T" and a new AT&T corporate logo. [15] The new company then acquired BellSouth for $85.8 billion on January 3, 2007, with FCC approval.
On November 18, 2005, SBC completed its acquisition of AT&T Corp. to form AT&T Inc. Nevada and Pacific Bells are now known as Pacific Bell Telephone Company d/b/a AT&T California and Nevada Bell Telephone Company d/b/a AT&T Nevada. Pacific Telesis' companies as a whole business are known as AT&T West.
The Southern New England Telephone Company, a regional LEC that AT&T owned 16.8% of before 1984 and thus was left separate by the 1984 break-up (subsequently acquired by SBC and then sold to Frontier by the new AT&T after the SBC-AT&T merger) Other "Bell System" companies
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First Niagara Financial has had a rough 5-year stretch. Its shares are down nearly 30%, while the S&P 500 has returned over 100%. Ill-timed acquisitions hurt the stock, and the bank's recent ...