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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.
Of the various resulting 1984 spinoffs, only BellSouth actively used and promoted the Bell name and logo during its entire history, from the 1984 break-up to its reunion with the new AT&T in 2006. Similarly, cessation of using either the Bell name or logo occurred for many of the other companies more than a decade after the 1984 break-up as ...
AT&T of 1974. The terms required the breakup of the Bell System , including removing local telephone service from AT&T control and placing business restrictions on the divested local telephone companies in exchange for removing other longstanding restrictions on what businesses AT&T could own and manage.
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]
Lawyer who helped break up AT&T says DOJ has '50%-plus' odds of winning Google trial. Alexis Keenan. September 19, 2023 at 11:48 AM ... Read the latest financial and business news from Yahoo Finance.
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.
Also in 1999, AT&T paid US$5 billion to purchase IBM's Global Network business, which became AT&T Global Network Services, LLC. As part of the purchase agreement, IBM granted AT&T a five-year, US$5-billion contract to handle much of IBM's networking needs, and AT&T outsourced some of its application processing and data management work to IBM.
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.