AT&T
Headquarters: 208 South Akard St.
Dallas, TX 75202
Employees: 243,620
CEO: Randall Stephenson
Website: http://www.att.com
Stock Symbol: T
Company News
Career Page
AT&T is one of the world's leading telecommunications companies. AT&T is recognized as the leading worldwide provider of phone and communication services to businesses and the leading U.S. provider of wireless, high speed Internet access, local and long distance voice phone service.
AT&T was the original carrier for Apple's iPhone when first introduced in 2007. The high demand for data from iPhone and other smartphones put strain on the company's 3G network. The company has been rolling out faster 4G networks and Long Term Evolution (LTE) technology over the past several years nationwide.
In May, the company announced it would buy DirecTV for about $48.5 billion. DirecTV operates the nation's largest satellite TV subscription service.
The company said it sold 10.1 million smartphones including upgrades in the fourth quarter of 2014 from carriers including Apple's iPhone, Samsung, HTC and Nokia phones.
AT&T operates the nation's largest Wi-Fi network including more than 34,000 AT&T Wi-Fi Hot Spots at popular restaurants, hotels, bookstores and retailers, and provides access to more than 220,000 hotspots globally through roaming agreements.
AT&T has over 120.5 million total wireless subscribers in service and 24.7 million wireline customers at the end of 2014.
The company reported over 12 million subscribers for its U-Verse high-speed Internet service. U-Verse TV has nearly 6 million subscribers.
AT&T operates more than 5,000 retail locations with over 2,000 owned by the company serving over 150 million customer visits per year.
In 2014, AT&T reported total revenues of $132.4 billion, up 3.1 percent, and net income of $6.2 billion.
AT&T was replaced in the Dow Jones Industrial Average by Apple in March 2015.
History
In 1876, Alexander Graham Bell invents the telephone, for which he receives two patents. With the support of two financial backers, Mr. Bell founds the Bell Telephone Company in 1877.
In 1885, The American Telephone and Telegraph Company is formed as a subsidiary of then-parent American Bell Telephone Company, with a charter to build and operate a national long distance telecommunications network.
In a corporate reorganization, American Telephone and Telegraph acquires the assets of its parent, American Bell Telephone in 1899, and becomes the parent of the Bell System.
AT&T would become the leading provider of phone service in the nation which would make government regulators nervous over its power. In 1913, AT&T settles its first federal anti-trust suit with a document known as the Kingsbury Commitment, which establishes AT&T as a government-sanctioned monopoly. In return, AT&T agrees to divest its controlling interest in Western Union, and to allow non-competing independent telephone companies to interconnect with the AT&T long distance network.
In 1956, AT&T opens the first transatlantic telephone cable for service.
A historic agreement was reached in 1982 by AT&T and the Justice Department for settlement of an anti-trust suit filed against AT&T in 1974. AT&T agrees to divest itself of its local telephone operations. By Jan. 1, 1984, the Bell System would cease to exist. In its place are seven Regional Bell Operating Companies and a new AT&T that retains its long distance telephone, manufacturing, and research and development operations. The regional companies were known as Baby Bells, which included Nynex (in New York and New England), BellSouth and Ameritech (in the Midwest), Southwestern Bell, U.S. West, and Pacific Telesis (in California and Nevada).
On September 20, 1995, AT&T announces that it is restructuring into three separate companies: a services company, retaining the AT&T name; a products and systems company (later named Lucent Technologies); and a computer company (which reassumes the NCR name). Lucent is spun off on September 30, 1996, while NCR is spun off on December 31, 1996.
AT&T spun off its cellular phone division, AT&T Wireless in 2001. Its name was changed to Cingular Wireless.
In 2002, AT&T Broadband was spun off and merged with Comcast.
AT&T acquired BellSouth in 2006, which was a former Baby Bell. Cingular Wireless, the nation's largest cellular-phone carrier, was jointly owned by AT&T and BellSouth. The Cingular name was changed to AT&T Wireless in 2007.
AT&T acquired Dobson Communications in Nov. 2007, a rural wireless provider, for $2.8 billion in cash.
The company moved its headquarters from San Antonio to Dallas in 2008.
In June 2010, AT&T stopped offering unlimited data plans for new wireless subscribers.
AT&T tried to acquire competitor T-Mobile USA from Deutsche Telekom for $39 billion in cash and stock in 2011 but the deal was overturned by the FCC.
AT&T bought prepaid phone company Leap Wireless in March 2014.
Benefits
Benefit Plans/Programs
- Medical
- Mental Health and Chemical Dependency
- Prescription Drug
- Dental
- Vision (occupational employees only)
- Domestic Partner Benefits
- Group Legal (occupational employees only)
- Reimbursement Accounts
- Life Insurance
- Long-Term Care Insurance
- Short Term and Long Term Disability
- 401K Savings with company match
-Pension
Time Off
- Holidays
- Vacation
- Personal/Excused Days
- Vacation Buy Days (management employees only)
- Leaves of Absence
Value-Added Programs
- AT&T Toll Discount Program
- Credit Union
- Employee Discount Programs
- Consumer Medical Resource
- RealLife Benefits™ (management employees only)
- Auto and Home Insurance
- Vision Care
- Pet Insurance
- Legal Services
- Health Affairs
- Employee Assistance Program
- Occupational Health Services
- International Health Services
- Disability Management
- Tuition Assistance Plan
- Academic Awards Program
- Matching Gift Program
- AT&T Cares [Grants/Community Service)
- Service & Retirement Awards
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