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  5. AT&T Corporation

Events on December 31 in history

AT&T Corporation
1983Dec, 31

The AT&T Bell System is broken up by the United States Government.

AT&T Corporation, originally the American Telephone and Telegraph Company, is the subsidiary of AT&T Inc. that provides voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agencies.

During the Bell System's long history, AT&T was at times the world's largest telephone company, the world's largest cable television operator, and a regulated monopoly. At its peak in the 1950s and 1960s, it employed one million people and its revenue ranged between US$3 billion in 1950 ($35.1 billion in present-day terms) and $12 billion in 1966 ($99.1 billion in present-day terms).

In 2005, AT&T was purchased by Baby Bell and former subsidiary SBC Communications for more than $16 billion ($21.2 billion in present-day terms). SBC then changed its name to AT&T Inc. Today, AT&T Corporation continues to exist as the long distance subsidiary of AT&T Inc., and its name occasionally shows up in AT&T press releases.

References

  • AT&T Corporation
  • Bell System

Choose Another Date

Events on 1983

  • 24Feb

    Japanese American internment

    A special commission of the United States Congress condemns the Japanese American internment during World War II.
  • 19Jul

    CT scan

    The first three-dimensional reconstruction of a human head in a CT is published.
  • 24Jul

    Sri Lankan Civil War

    The Black July anti-Tamil riots begin in Sri Lanka, killing between 400 and 3,000. Black July is generally regarded as the beginning of the Sri Lankan Civil War.
  • 1Sep

    Korean Air Lines Flight 007

    Cold War: Korean Air Lines Flight 007 is shot down by a Soviet Union jet fighter when the commercial aircraft enters Soviet airspace, killing all 269 on board, including Congressman Lawrence McDonald.
  • 12Sep

    Los Macheteros

    A Wells Fargo depot in West Hartford, Connecticut, United States, is robbed of approximately US$7 million by Los Macheteros.

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