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As a twenty-five percent owner, AT&T Information Systems utilized production of Olivetti to manufacture their AT&T PC 6300 series of computers. Along with the 3B series computers and the AT&T UNIX PC the PC 6300 series of computers represented a multi-faceted strategy of competing with IBM, who was the leading computer manufacturer of the time.
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.
The Bell System was a system of telecommunication companies, led by the Bell Telephone Company and later by the American Telephone and Telegraph Company (AT&T), that dominated the telephone services industry in North America for over 100 years from its creation in 1877 until its antitrust breakup in 1983.
In order to reduce its staggering debt burden, AT&T (T) is reportedly aiming to divest half of its DirecTV business.
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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 Technologies, Inc., was created by AT&T in 1983 in preparation for the breakup of the Bell System, which became effective as of January 1, 1984. It assumed the corporate charter of Western Electric Co., Inc.
Critics argue that while divestment can be an effective expression of disapproval and a call for change, its actual impact on corporate behavior and market trends is more tenuous.