AT&T
Headquarters: 208 South Akard St.
Dallas, TX 75202
Employees: 272,450
CEO: Randall Stephenson
Website: http://www.att.com
Stock Symbol: T
Company News
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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, and directory publishing and advertising services.
The company announced in March it will acquire T-Mobile USA from Deutsche Telecom for $39 billion -- made up of $25 billion in cash and $14 billion in stock. The deal would make AT&T the nation's largest cellular phone company.
AT&T was the exclusive carrier for Apple's iPhone from its introduction in 2007. The high demand for data from iPhone and other smartphones has put strain on the company's 3G network. The company has also been developing faster 4G networks and Long Term Evolution (LTE) technology.
AT&T said it added 8.9 million wireless subscribers in 2010, the company's best-ever annual total, to reach 95.5 million total subscribers in service.
The company says it has almost 3 million subscribers for its AT&T U-verse TV service.
AT&T also said it has nearly 11 million emerging device connections which includes tablets like Apple's iPad, netbooks and laptops.
In 2010, AT&T reported revenues of $124.3 billion, up from $123 billion, and net income of $19.9 billion. Average monthly revenues per subscriber was $62.88.
"2011 is the year when we'll take mobile broadband to the next level," CEO Randall Stephenson said. "We're seeing 4G speeds today in areas of key markets, we've accelerated our LTE deployment plans, and we expect to add 20 4G devices to our lineup this year. AT&T has led the mobile broadband revolution, and we are well positioned to drive the industry's next waves of innovation and growth."
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.
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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