About the Company
AT&T is one of the largest telecommunication providing companies which also engages in media and technology services. It is also the largest provider of mobile telephone and fixed telephone services in the United States. AT&T gave an initial public offering in 1984 and started trading its share in NYSE under ticker symbol T. AT&T stocks reached an all-time high closing price at 59.19 on 16th July 1999.
The company's history has its roots in 1877 when its predecessor company, Southwestern Bell Telephone Company, was established, which came to be known as American Telephone and Telegram Company in the year 1885 and was later rebranded as AT&T Corporation. It monopolised phone services in the United States, which was authorised by the government. In 2005, SBC purchased AT&T for $16 billion and adopted the original and popular name AT&T without changing it. The largest acquisition of the company as of 2021 was in 2016 when it acquired Time Warner for $108.7 billion.
AT&T operates through four segments which are: Communication, Latin America, Warner Media and Xandr. The Communication segment primarily extends telecommunication services and solutions to businesses and consumers across the country and in several global locations. It enhances connectivity through a well linked wireless connection. WarnerMedia focuses on distributing feature films, television series, games and other entertainment media in several digital formats. It also owns HBO Max which offers more than 10,000 hours of curated content. The Latin America segment works to provide entertainment and wireless services to regions outside the United States, and finally, Xandr operates to offer marketplace and enterprise technology and manages the advertisement and analytics domains as well.
AT&T recorded an employee headcount of about 243,350 as of the financial year 2020 and secured the 9th rank in that year's Fortune 500 list. The company won several awards and recognitions. Among them, the World's Most Ethical Companies 2020 and Best Workplace for Diversity 2020 deserve special mention. It also sealed the 20th spot in Forbes’ Global 2000 2020 rankings. Along with that, it also secured the 14th position in the list of the World's Most Valuable Brands 2020.;
Organisation | AT&T Inc |
Industry | Telecom Services |
HeadQuarters | Dallas, TX |