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News around the Web

SBC to acquire AT&T for $16 billion

Major Comm Deal Planned

by Yaroslav Lyssenko

[ 02/01/2005 | 02:04 PM ]

Information have always been one of the major things for trade. Communication services almost ensure steady profits and recognizable brand names. Although it may sound shocking to someone, but one of the most known companies around the world – AT&T is about to be sold.

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“SBC Communications on Monday announced plans to acquire AT&T in a $16 billion deal, a move designed to bolster SBC’s sales to enterprise customers nationwide and give it new national and global networks,” claims a report at CNET News.com

“We are combining AT&T’s national and global networks and expertise with SBC’s strong platforms and skills in local exchange service, wireless and broadband,” Edward Whitacre Jr., SBC’s chairman and chief executive, said in a statement.

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