February 2, 2005 |
SBC Communications Inc. said Tuesday that it expected to eliminate about 13,000 jobs after its $16-billion acquisition of AT&T Corp. closes, but the telephone company stressed that many of those positions could be cut through attrition rather than layoffs. The projection came during an occasionally heated meeting with investors a day after SBC announced plans to acquire AT&T, its former corporate parent, in a deal that would create one of the world's biggest telecommunications companies.
February 1, 2005 |
Which three letters will it be -- AT&T or SBC? Now that SBC Communications Inc. has a deal to buy AT&T Corp., the telecom world is wondering which initials will live on. The decision is up to SBC. And its chairman, Edward E. Whitacre Jr., wasn't saying much Monday when the companies announced SBC's proposed $16-billion acquisition of its onetime parent company. "We obviously need a few days to figure all this out," Whitacre said.
January 31, 2005 |
The board of AT&T Corp., the nation's oldest and best-known telephone company, agreed late Sunday to be acquired by SBC Communications Inc. for $16 billion, almost all of it in stock, according to people familiar with the situation. The historic reunion of the two, which were separated by the 1984 breakup of the AT&T monopoly known as Ma Bell, would create the nation's largest telephone company, surpassing another AT&T offspring, Verizon Communications Inc.
January 27, 2005 |
SBC Communications Inc. said Wednesday that fourth-quarter earnings fell 17%, pushed down by costs for acquiring AT&T Wireless and higher severance and pension expenses. California's dominant local telephone company earned $754 million, or 23 cents a share, down from $905 million, or 27 cents, in the same period last year. Revenue fell 3% to $10.3 billion. For the year, SBC's profit fell 30% to nearly $6 billion, or $1.79 a share, from $8.5 billion, or $2.56 a share.
January 26, 2005 |
SBC Communications Inc. is bringing back a traditional pension plan for 55,000 management employees -- a move that industry experts call virtually unprecedented. Traditional pensions, which promise to pay retirees fixed monthly benefits for life, have been on the wane for the last decade as hundreds of companies have moved to "hybrid" plans that work more like 401(k) programs.
January 13, 2005 |
Hewlett-Packard Co., the second-largest maker of personal computers, and SBC Communications Inc. said Wednesday that they planned to jointly sell technology and communications services to U.S. businesses starting this quarter. Hewlett-Packard and SBC, the nation's second-largest local-telephone company and the dominant carrier in California, said the aim was to help clients cut the cost of running data and voice networks and supporting the computer systems used to run businesses.
November 27, 2004 |
The Federal Communications Commission will keep a close watch on SBC Communications Inc.'s new connection charge for calls made over the Internet, FCC Chairman Michael K. Powell said Friday. Powell said a new service from SBC to connect Internet calls from other phone companies to its local network shouldn't be used to force higher charges on voice over Internet protocol services.
November 19, 2004 |
Yahoo Inc. and SBC Communications Inc., longtime partners on services for personal computers, said they had expanded their existing alliance to TVs and cellphones. The firms said Yahoo's software would link SBC services so that customers would be able to set SBC digital video recorders (now under development) from their Cingular Wireless mobile phones. Cingular is a joint venture of SBC and BellSouth Corp.
November 18, 2004 |
SBC Communications said it would use Microsoft Corp. technology to launch video services over upgraded high-speed data lines. The 10-year, $400-million deal with the second-largest U.S. telecommunications company positions Microsoft as a player on both sides of the battle between cable operators and telephone companies to provide new digital video and telephone services.