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  5. American Telephone & Telegraph Company

Events on March 3 in history

American Telephone & Telegraph Company
1885Mar, 3

The American Telephone & Telegraph Company is incorporated in New York.

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

  • American Telephone & Telegraph Company
  • New York (state)

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