SBC Communications

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Headquarters: 175 E. Houston San Antonio, TX 78205 Employees: 162,700 CEO: Edward Whitacre Jr. Merged with AT&T Website: http://www.sbc.com Career Site SBC Communications has merged with AT&T as of November 18, 2005 and will now use the AT&T name. Its stock symbol will also be under the AT&T symbol of T. SBC is one of the nation's top phone companies. SBC serves the Southwestern, Midwest and Western U.S. including California, Nevada, Texas, Oklahoma, Kansas, Arkansas, Missouri, Michigan, Ohio, Illinois, Indiana, Wisconsin, Connecticut. These 13 states cover about one-third of the U.S. population. The company provides local, long distance service, DSL high-speed Internet access, satellite TV and directory services. SBC companies currently serve 51 million access lines nationwide. SBC also owns 60 percent of Cingular Wireless, which serves more than 50 million wireless customers in all of the top 100 U.S. metropolitan areas. SBC companies serve business customers inside their 13-state footprint and in 30 additional major metropolitan areas across the country, providing voice, data and IP services, wireless, and managed services. In 2004, SBC had $40.7 billion in revenue and net income of $5.8 billion. SBC announced plans to acquire telecommunications giant AT&T for $16 billion. Employment at the company has decreased from 220,090 workers in 2000 to 162,700 today. History SBC was originally known as Southwestern Bell and one of seven regional phone companies divested from AT&T in 1983. These regional companies were known as Baby Bells. Over the past decade, SBC has grown with several acquisitions to establish itself as a national telecommunications provider, Ameritech (1999), Southern New England Telecommunications (1998) and Pacific Telesis Group (1997). Benefits Coverage may vary depending upon management or occupational level. Medical The company offers employees an extensive medical plan. In addition to the medical and surgical benefits, eligible employees have coverage for prescription drugs and mental health/chemical dependency (substance abuse) treatment. CarePlus CarePlus provides financial protection against the high cost of certain specific and costly forms of medical treatment generally not covered by the company-offered medical plan or many health maintenance organizations. Dental Dental coverage is an important part of an employee's total compensation and helps the employee pay for necessary dental care, including expenses for routine oral examinations, cleaning, fluoride treatments and X-rays, as well as many basic and major restorative services. Vision Vision coverage helps pay for eye exams, eyeglasses, contact lenses and frames and offers laser vision correction procedures at a discounted price. Retirement and Savings Plans 401(k) Savings Plan SBC companies provide a convenient way to save for retirement. To help build savings, employees may: - Save a certain percentage of their eligible compensation on a pre-tax basis and/or an after-tax basis. - Receive a company matching contribution. - Choose to invest their savings in various funds with different levels of risk. Pension Plan The Pension Plan works with the company savings plans, individual personal savings and investments, and Social Security to help employees build a secure financial future. Employees make no contributions to the pension plan - it is totally funded by the company. Time Off Leaves of Absence SBC companies offer unpaid leaves of absence, subject to advance approval, for certain quality-of-life needs, including family care leaves. Paid Time Off SBC companies provide paid time away from work to relax and recharge, including vacation, holidays and personal days. Updated January 3, 2006

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