AT&T Makes Deal to Buy BellSouth for $67B
NEW YORK - AT&T Inc. said Sunday it will acquire smaller rival BellSouth Corp. for $67 billion in stock, in a deal that goes a long way toward resurrecting the old Ma Bell telephone system
The deal would substantially expand the reach of AT&T, already the country's largest telecommunications company by the number of customers served.
AT&T will pay 1.325 of its own shares for each BellSouth share. Based of Friday's closing price of $27.99 for AT&T shares, that works out to be $37.09 for each BellSouth share, an 18 percent premium from the Friday closing price of $31.46 for the Atlanta-based company.
AT&T was formed by San Antonio-based SBC's acquisition of AT&T Corp. in November. The deal added a substantial national reach to the for...
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The deal would substantially expand the reach of AT&T, already the country's largest telecommunications company by the number of customers served.
AT&T will pay 1.325 of its own shares for each BellSouth share. Based of Friday's closing price of $27.99 for AT&T shares, that works out to be $37.09 for each BellSouth share, an 18 percent premium from the Friday closing price of $31.46 for the Atlanta-based company.
AT&T was formed by San Antonio-based SBC's acquisition of AT&T Corp. in November. The deal added a substantial national reach to the for...
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I knew this was going to happen as well. And if you said it on this forum before, I didn't doubt you!
I think this has both its positives and negatives. I'm glad to see the AT&T name ressurected entirely though. I honestly think the brand recognition with AT&T is unparalleled. There are still people I know of that say "Cingular who?" Not the case with AT&T.
I think this has both its positives and negatives. I'm glad to see the AT&T name ressurected entirely though. I honestly think the brand recognition with AT&T is unparalleled. There are still people I know of that say "Cingular who?" Not the case with AT&T.
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so from what i understand Cingular will be changed to AT&T wireless? Because BellSouth didn't want it changed before. And now AT&T is taking 100% control of Cingular. Is this correct? thanks
-llkoola1
-llkoola1
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Those who cannot learn from history are doomed to repeat it.
-- George Santayana
-- George Santayana
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What was there to learn? This is waht I got from it: AT&T was a monopoly that was bad for smaller competing local phone companies. They were broken up.
The issue that resulted in AT&T's original breakup is not an issue today.
It's not even the same type of situation. You're kidding yourself.
The issue that resulted in AT&T's original breakup is not an issue today.
It's not even the same type of situation. You're kidding yourself.
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You asre exactly right. For anyone to think this is a reincarnation of the original ATT they would have to have been hanging out with Osama Bin Laden in his cave.
The telecommunications landscape is completely different. Competition exists from wireless, satellite, fiber and cable, when none existed when ATT was originally broken up.
He either doesn't want to see it or isn't intelligent enough to understand the difference.
The telecommunications landscape is completely different. Competition exists from wireless, satellite, fiber and cable, when none existed when ATT was originally broken up.
He either doesn't want to see it or isn't intelligent enough to understand the difference.
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In how many markets does Bellsouth and att operate local phone operations?
In how many markets in which att and/or Bellsouth operate is their multiple options (minimum of 3) for local dialtone, long distance, broadband and video services?
If you are so old and wise how can you even compare the 70's and 80's to telecommunication choices in this day and age?
Please answer those 3 questions for us o' grand wizard.
In how many markets in which att and/or Bellsouth operate is their multiple options (minimum of 3) for local dialtone, long distance, broadband and video services?
If you are so old and wise how can you even compare the 70's and 80's to telecommunication choices in this day and age?
Please answer those 3 questions for us o' grand wizard.
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I, too, predicted this, where are my props?!?! 😁
Second prediction, now that my first has come to fruition:
It won't be AT&T Wireless, or Mobile, or Without Cables & Wires, or whatever. I think the goal if it meets approval is - AT&T. One website, office, etc. You go to their website or call them on the phone it will be the same as calling Banko America or Banco Popular... Choose 1 for checking, 2 for credit card, 3 for English...1 for Local, 2 for Long Distance, etc...
Second prediction, now that my first has come to fruition:
It won't be AT&T Wireless, or Mobile, or Without Cables & Wires, or whatever. I think the goal if it meets approval is - AT&T. One website, office, etc. You go to their website or call them on the phone it will be the same as calling Banko America or Banco Popular... Choose 1 for checking, 2 for credit card, 3 for English...1 for Local, 2 for Long Distance, etc...
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I agree.
Verizon is not interested in spinning off it's wireless business, and I am willing to wager it is due to the issue ATTWS had when it spun out of ATT. Never did come to fruition as the money maker they hoped it would become. I doubt current att will do it either.
Verizon is not interested in spinning off it's wireless business, and I am willing to wager it is due to the issue ATTWS had when it spun out of ATT. Never did come to fruition as the money maker they hoped it would become. I doubt current att will do it either.
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To clarify the first question, in how many markets does BOTH att and Bellsouth operate local phone service. Basically, in how many markets would competition be effected or reduced?
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On top of 'net neutraility' and other dealies, what do you think the DOJ & FCC will force ATT to divest??? Not so much as far as local because in Florida (central) you only have one choice: Osceola county = Sprint, Orange county = BellSouth... Your only opt-out is VoIP or all wireless...
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Do the cable companies offer local dialtone service?
It took a while, but even Lubbock now has local service via cable, plus a reseller, plus SBC.
While my knowledge is limited on the backbone issue I initially fall on the side of att. My reason for that is due to the fact that I have followed the fight between Verizon/att/Bellsouth versus the resellers who basically wanted cheap access to networks in which they invested nothing. This is a similar argument. Regardless of how they got the opportunity to build the network, it still cost money to build. Recovering costs today (and even making profits on an already paid for network) builds the networks of tomorrow.
It took a while, but even Lubbock now has local service via cable, plus a reseller, plus SBC.
While my knowledge is limited on the backbone issue I initially fall on the side of att. My reason for that is due to the fact that I have followed the fight between Verizon/att/Bellsouth versus the resellers who basically wanted cheap access to networks in which they invested nothing. This is a similar argument. Regardless of how they got the opportunity to build the network, it still cost money to build. Recovering costs today (and even making profits on an already paid for network) builds the networks of tomorrow.
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Indeed, do you feel this would lead to AT&T being a more bundled service as far as offerings go? In other words, once the bundle is complete: stores featuring one-stop shopping for everything: local, wireless, etc that it will affect the indirect channels?
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I would hope so. When I wrote my business plan I focused on the fact that this would be required for Cingular stores to remain profitable in the long term future.
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The company I'm in already does DirecTV, Dish Network, and Vector Security systems as well as Cingular.
I'm talking about sales AND installation.
I'm talking about sales AND installation.
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But Cingular currently does not allow their PREMIER agents (Branded, etc.) to offer those items. Older stores can but they tried to weed them out.
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We are branded actually. There is no "Authoized Agent" on our Cingular signs. It could just be that Cingular is a little more lax in the Washington-Baltimore Market since they have a tendency to encourage more stores in my region.
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While my knowledge is limited on the backbone issue I initially fall on the side of att.
...the fight between Verizon/att/Bellsouth versus the resellers who basically wanted cheap access to networks in which they invested nothing.
...Regardless of how they got the opportunity to build the network, it still cost money to build. Recovering costs today (and even making profits on an already paid for network) builds the networks of tomorrow.
Verizon, AT&T, SBC, & Google – Let’s End the “Free Lunch” For Everyone!
Verizon and SBC/Southwest Bell/Pac Bell/Pacific Telesis/AT&T or whatever they’re called this year has called for an end to “free lunches” on the internet – running out of ...
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I sympathize with the whole, "beware big brother" approach, but dude what are you talking about? I understand that capitalism enables the tyranny of big business, but what is this about "free lunches"? Do you hate the telephone poles? I admire your ability to assume your given power of free speech, and I urge you to post again with a little more clarity and without the sarcasm. I just want to know exactly what you are saying and not just assume the "jist of it".
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The "free lunches" in the post refers to the telecoms push to develop a tiered internet system whereby companies who pay more will have their information delivered faster. What it boils down to is throttling.
These telecoms who helped to develop the internet with monies provided by the public are desperately trying to privatize it with the hope of increasing revenues for their companies and in the process force consumers into limited options and into paying for the same services three times; once for developing the network, once for using the network, and once for the bandwidth of the network.
These telecoms are also trying to prevent municipalities from developing communication mediums such as wi-fi. At&T has donated large amounts...
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These telecoms who helped to develop the internet with monies provided by the public are desperately trying to privatize it with the hope of increasing revenues for their companies and in the process force consumers into limited options and into paying for the same services three times; once for developing the network, once for using the network, and once for the bandwidth of the network.
These telecoms are also trying to prevent municipalities from developing communication mediums such as wi-fi. At&T has donated large amounts...
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The local phone companies' biggest tribulation - and this includes AT&T, BellSouth, Verizon and Qwest - is that their main business is built on an expensive infrastructure that's quickly becoming obsolete. They are like railroads at the dawn of the jet age. They send calls around using circuit-switched networks when the world is moving to Internet-style networks. They have millions of miles of skinny copper wire underground and on telephone poles at a time when whole cities are starting to build wireless broadband Internet systems that are better and cheaper.
McInerney and other analysts figure the local phone companies all together have $350 billion to $400 billion worth of obsolete assets on their books. They can't write them off wit ...
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McInerney and other analysts figure the local phone companies all together have $350 billion to $400 billion worth of obsolete assets on their books. They can't write them off wit ...
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You sure do take an idea and run with it, even if it has no basis in reality.
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No basis in reality? What are you smoking, because I would like some?
I never knew that it only took a decade or two to forget about all the money local, state, and federal governments give to you in the form of tax breaks/deductions, incentives, and other perks.
Bury you head in the sand if you like, I shall not.
Those who cannot learn from history are doomed to repeat it.
-- George Santayana
I never knew that it only took a decade or two to forget about all the money local, state, and federal governments give to you in the form of tax breaks/deductions, incentives, and other perks.
Bury you head in the sand if you like, I shall not.
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I think this is great, thw att wireless name is more of an established name world wide than Cingular ever was. I belive this willpropell cingular soone to be att wireless againto remain at the top spot of wireless carriers
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I hope this forces the Bellsouth piece to lower price points for their landline and DSL. They are way too high and losing major market share to companies like Vonage and Comcast.
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