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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]
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.
SBC Long Distance is a separate subsidiary than AT&T Communications, the incumbent long-distance carrier for most of the country acquired in the SBC merger with AT&T. SBC Long Distance started in 1996 as Southwestern Bell Communications Services, Inc. , created as a result of the Telecommunications Act of 1996 which allowed the Baby Bells to ...
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In 1996, SBC announced it would acquire Pacific Telesis Group, a Regional Bell Operating Company (RBOC) in California and Nevada. 1997 brought rumors of a proposed merger between AT&T Corporation (the USA's largest long-distance provider) and SBC (the USA's largest local provider). The FCC disapproved of the merger, and it came to end.
SBC Communications bought AT&T Corp. on November 18, 2005, and changed its name to AT&T Inc. Shortly afterwards, on January 15, 2006, AT&T companies were given new d.b.a names. As a result, officially, Southwestern Bell began conducting business under the following names: AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, and AT&T Texas.