By now everyone has heard this big news. SBC Communications announced today its plans to purchase AT&T in a US$16 billion deal. If approved, the acquisition would create the largest communications firm in the U.S. with an estimated $70 billion in annual sales. I don't think AT&T is worth that much, but AT&T does have a great brand name that has been around a very long time. Bellsouth made a bid for AT&T severla years ago as well. The Baby Bells grow up to be larger than Ma Bell. How the times have changed.
Another very interesting twist to this news is AT&T might still relaunch AT&T Wireless. AT&T retained rights to the name after AT&T Wireless was gobbled up by Cingular. Even more confusingly, AT&T announced that they’ll be leasing capacity on Sprint’s network
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