December 22, 2006 |
AT&T Inc., the largest U.S. telephone company, must face a lawsuit by former MediaOne Group Inc. executives who say a buyout reduced the value of their stock options, a judge ruled. The executives, including ex-MediaOne Chief Executive Charles Lillis, can go to trial to press claims that they lost millions in the fallout from AT&T Corp.'s 2000 takeover of the cable company, Delaware Chancery Court Judge Stephen Lamb ruled. SBC Communications Inc. acquired AT&T Corp.
December 25, 2003 |
AT&T Corp. said it would freeze salaries for 43,000 nonunion workers until April 2005 as part of its effort to trim its costs. The freeze was announced in an e-mail to employees by AT&T Chairman and Chief Executive Dave Dorman. New York-based AT&T, the nation's largest long-distance carrier, has 64,000 employees.
March 10, 1999 |
AT&T Corp. completed its $55-billion acquisition of cable TV giant Tele-Communications Inc., a deal that creates a one-stop shop for phone service, Internet access and cable television. The long-distance giant also plans to provide local phone service over TCI's cable wires. AT&T plans to pilot telephone service over cable in 10 U.S. cities by year-end.
September 18, 2002 |
Comcast Corp.'s planned $56-billion purchase of AT&T Corp.'s cable television business cleared a regulatory hurdle at the Justice Department, the companies said. The waiting period under the Hart-Scott-Rodino antitrust act expired at midnight. The Federal Communications Commission still must approve the acquisition. Special Class A shares of Philadelphia-based Comcast rose 43 cents to $23.73 on Nasdaq. AT&T shares rose 31 cents to $12.63 on the NYSE.
June 22, 1999 |
AT&T Corp. and Mexico's Telefonos de Mexico, the country's largest telephone company, have signed an accord to lower a cross-border interconnection rate to make it cheaper to call between Mexico and the U.S. The new rate, which covers the cost of completing a long-distance call between the two nations, will drop to 19 cents a minute from 37 cents. It becomes effective July 1. Telephone traffic between Mexico and the U.S.