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BUSINESS
July 4, 2003 | From Dow Jones/Associated Press
Standard & Poor's has cut the rating on AT&T Corp.'s corporate credit and senior unsecured debt to triple-B, two rungs above speculative grade, despite a recent reduction in the company's debt load. S&P said the one-notch downgrade Wednesday reflected the risk the Bedminster, N.J.-based long-distance carrier faced from encroaching technologies, competitive pricing pressures and the slow economic recovery. The ratings agency said AT&T's rating outlook was stable.
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BUSINESS
June 7, 2005 | From Bloomberg News
AT&T Corp. and Microsoft Corp. will work together to create Internet-based telephone products to gain corporate customers, while Internet-access provider EarthLink Inc. said it would sell phone service to consumers. AT&T will integrate Microsoft products into its voice over Internet protocol, or VOIP, network. Customers will be able to forward calls, check messages and launch Web conferences using Microsoft Office software, a spokeswoman said.
BUSINESS
February 12, 1999
PROPOSED SALE: AT&T Corp. and British Telecommunications, the largest U.S. and British phone companies, have offered to sell assets in Britain to win European Union approval for their planned $3-billion joint venture. EU officials said the proposed sales will be enough to secure EU clearance for the joint venture, which will offer voice, data and Internet services. No details were given. The deal also requires approval by U.S. regulators. In NYSE trading, AT&T shares rose $2.38 to close at $88.
BUSINESS
January 28, 1997
AT&T Corp. said it plans to launch local calling services for small and medium-size business customers in California. The move follows that of rival MCI Communications Corp., which has been offering local service to business customers in 25 U.S. cities since last year using its own network facilities.
BUSINESS
December 4, 1997 | Greg Johnson
A National Advertising Review Board panel is recommending that AT&T Corp. modify television and print advertising for its Web Hosting Services in order to eliminate the implication that AT&T has the industry's most powerful Internet network. The NARB decision upholds a September decision by the Council of Better Business Bureaus, which recommended that AT&T clarify its "most powerful network in the world" claim. AT&T disagreed with the NARB decision but said it would modify future ads.
BUSINESS
August 25, 1999 | Reuters
AT&T Corp. said it agreed to buy Brazil's Netstream, thus entering that country's fast-growing market for Internet access and other telecommunications services. AT&T said it will spend about $300 million in the acquisition and initial expansion of Netstream, which already has one of the biggest such networks in Brazil. Netstream provides high-speed Internet, voice, data and video services to corporate customers; AT&T officials did not break out the exact purchase price.
BUSINESS
January 29, 2001 | Reuters
Because investors have already braced themselves for AT&T Corp.'s dismal fourth-quarter results, coming today, the real interest lies in whether the phone and cable television giant has something--anything--positive to say about its 2001 growth prospects, analysts said. Investors also await news on whether the company will cut jobs in its broadband cable-television unit.
BUSINESS
January 1, 1997 | From Bloomberg Business News
AT&T Corp. closed a chapter in its history with Tuesday's spinoff of NCR Corp., completing the restructuring that broke the company into three: a phone service, an equipment maker and a computer company. The $3.4-billion spinoff ends a frustrating experience for AT&T. It bought NCR for $7.48 billion in 1991 and failed to mesh the companies' expertise in computers and communications.
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