AT&T
Headquarters:
175 E. Houston
San Antonio, TX 78205
Employees: 310,000
CEO: Randall Stephenson
Website: http://www.att.com
Stock Symbol:
T
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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 is the nation's leading wireless
carrier based on subscribers, serving 70.1 million customers
and formerly known as Cingular Wireless.
AT&T is the exclusive carrier for Apple's
iPhone, which features a mobile phone, e-mail and Internet browser.
Apple reportedly receives at least $10 per month from AT&T
for every iPhone subscriber.
AT&T is also the largest provider of
broadband - 14.2 million lines in service - and a major Wi-Fi
provider, with more than 57,000 hot spots in 85 countries.
The company is also the nation's largest
directory publisher, delivering 178 million directories a year
and publishing more than 1,250 different directories in 22 states.
In 2007, AT&T reported revenues of
$118.9 billion and net income of $11.9 billion. Revenues were
given a boost by AT&T's merger with BellSouth.
In April, AT&T said it would cut 1.5%
of its workforce or about 4,650 jobs.
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. It is now part of 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.
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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