Posted by: thapap March 7, 2006
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some facts here.
Cingular wireless and ATW (AT&T wireless) merged. ATW was a spin off of AT&T [ happened somewhere in 2003 I believe].
Cingular wireless was jointly owned by SBC and Bellsouth. Meaning now acquisition of BELLSOUTH by SBC brings the OWNERSHIP to SBC. SBC ADOPTED ITSELF TO AT&T.
when AT&T (ma bell) was broken into 7 pieces (baby bells) it was a behemoth phone company with hands in long distance as well as local services. one company in all services throughout 50 states; coz of it monopolistic nature broken down.
PRESENT AT&T (NOW), is also in PHONE BUSINESS. It controls almost 50% of fortune 1000 clients. It controls almost 60% of US local phone business. Cingular and AT&T wireless combined has largest subscribers { which is dwindling of course. I can predict VERIZON being #1 once again}
there is no difference between OLD AT&T and NEW. same old shit different LABEL.
Now if you want to know about the divestiture of AT&T of its ATW { at&T wireless}, cable service was sold to comcast. Lucent, agere are spin off but they were the R&D and manufacturing division. etc etc.
QUEST could be AT&T target but not easy. AT&T now has 340,000 employees. very hard to integrate this kind of merger. Takes time.
I think next announcement would be VERIZON buys its INTERESTS from VODAFONE.
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as always
what do i know (O: