AT&T Communications

AT&T Communications is a division of AT&T that focuses on mobile phone, broadband, fixed line telephone, home security, network security, and business services. The division houses AT&T Mobility, AT&T Internet, AT&T Phone, AT&T Labs, AT&T Digital Life and AT&T Cybersecurity.

AT&T Communications
TypeDivision
IndustryTelecommunications
Technology
PredecessorAT&T Communications Inc.
FoundedAugust 1, 2017; 4 years ago (2017-08-01)
HeadquartersWhitacre Tower, ,
United States
Key people
Jeff McElfresh (CEO)
ProductsWireless
Mobile phone
Broadband
Fixed line telephone
Home security
Network security
RevenueDecrease US$ 144 billion (2018)
ParentAT&T
DivisionsMobility
Broadband
Business Wireline
SubsidiariesAT&T Labs
AT&T Digital Life
AT&T Cybersecurity
AT&T Internet
Websitewww.att.com

History and informationEdit

On July 28, 2017, AT&T announced a new AT&T Communications corporate division housing AT&T Mobility, DirecTV, U-verse, AT&T Business, AT&T Intellectual Property, AT&T Labs, Cricket Wireless, AT&T Digital Life, Vyatta, AT&T Adworks, and Technology and Operations Group.[1]

In October 2016, AT&T announced a deal to acquire Time Warner worth $85.4 billion (including assumed Time Warner debt). The proposed deal would give AT&T significant holdings in the media industry; AT&T's competitor Comcast had previously acquired NBCUniversal in a similar bid to increase its media holdings, in concert with its ownership of television and internet providers. If approved by federal regulators, the merger would bring Time Warner's properties under the same umbrella as AT&T's telecommunication holdings, including satellite provider DirecTV.[2][3][4]

By the end of July, the company announced that, effective August 1, a new structure was created before the acquisition would close. This structure has John Donovan take the title of CEO of the new AT&T Communications subsidiary division (incorporated that same day after a dividend payout). AT&T named John Stankey to run Time Warner media businesses and John Donovan as CEO of AT&T Communications ahead of the Time Warner acquisition.[5][6][7] In November 2017, the U.S. Justice Department said it was moving to sue to block the AT&T-Time Warner merger.[8] On November 20, 2017, the Department of Justice filed an antitrust lawsuit over the acquisition; Makan Delrahim stated that the deal would "greatly harm American consumers". AT&T asserts that this suit is a "radical and inexplicable departure from decades of antitrust precedent".[9] On December 22, 2017, the merger agreement deadline was extended to June 21, 2018.[10] On June 12, 2018, the AT&T-Time Warner merger was approved by a federal judge.[11] Two days later, AT&T completed the acquisition of Time Warner, and a day later the company was renamed WarnerMedia.

On July 10, 2018, AT&T announced that it would acquire cybersecurity startup AlienVault for an undisclosed amount.[12] The acquisition was completed on August 22, 2018.[13]

On February 25, 2021, AT&T announced that it would spin-off DirecTV, U-Verse and AT&T TV into a separate entity, selling a 30% stake to TPG Capital while retaining a 70% stake in the new standalone company with the sale being closed on August 2, 2021.[14][15]

AT&T PhoneEdit

AT&T Phone (formerly AT&T U-verse Voice) is a voice communication service delivered over AT&T's IP network (VoIP). This phone service is digital and provides a voicemail service accessed by *98 from the home number. Customers who subscribe to both AT&T Phone and U-verse TV get features such as call history on channel 9900, which displays the last 100 missed and answered calls on the customer's TV, and "Click to Call" from the TV history. AT&T Phone includes Caller ID, Call Blocking, Anonymous Call Blocker, and many other calling features. AT&T Phone was first available in Detroit, on January 22, 2008.[16]

See alsoEdit

ReferencesEdit

  1. ^ Spangler, Todd (2017-07-28). "AT&T Confirms John Stankey Will Oversee Time Warner Post-Merger". Variety. Retrieved 2018-08-28.
  2. ^ Hagey, Keach; Sharma, Amol; Cimilluca, Dana (October 21, 2016). "AT&T Is in Advanced Talks to Acquire Time Warner". The Wall Street Journal. Retrieved October 21, 2016.
  3. ^ Littleton, Cynthia (October 22, 2016). "AT&T Sets $85.4 Billion Time Warner Deal, CEOs Talks 'Unique' Potential of Combination". Variety. Retrieved October 23, 2016.
  4. ^ "AT&T agrees to buy Time Warner for $85.4 billion". USA TODAY. Retrieved 2017-08-08.
  5. ^ "AT&T Makes Executive Appointments to Prepare for Time Warner Merger Close". about.att.com. Retrieved 2017-08-04.
  6. ^ Stelter, Brian (2017-07-28). "AT&T names John Stankey to run Time Warner media businesses". CNNMoney. Retrieved 2017-08-04.
  7. ^ "John Donovan officially named CEO of AT&T Communications ahead of Time Warner acquisition | FierceWireless". www.fiercewireless.com. Retrieved 2017-08-08.
  8. ^ Kang, Cecilia; Merced, Michael J. de la (November 20, 2017). "Justice Department Sues to Block AT&T-Time Warner Merger". The New York Times. ISSN 0362-4331. Retrieved December 11, 2017.
  9. ^ Foden, Sara; McLaughlin, David; Moritz, Scott (November 20, 2017). "AT&T Sued by U.S. Seeking to Block Merger With Time Warner". Bloomberg. Retrieved November 20, 2017.
  10. ^ Littleton, Cynthia (December 22, 2017). "AT&T, Time Warner Extend Merger Agreement Deadline as Trial Looms". Variety. Retrieved December 22, 2017.
  11. ^ Johnson, Ted (June 12, 2018). "AT&T-Time Warner Merger Approved". Variety. Retrieved June 12, 2018.
  12. ^ "AT&T to buy cybersecurity firm AlienVault". Reuters. Retrieved 2018-07-10.
  13. ^ "AT&T Completes Acquisition of AlienVault". AlienVault Press Release. August 22, 2018.
  14. ^ Goldsmith, Jill (February 25, 2021). "WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG". Deadline.
  15. ^ Hayes, Dade (August 2, 2021). "AT&T Completes DirecTV Spinoff; Satellite Operator Unites Its Internet-Delivered Bundles Under New Brand DirecTV Stream". Deadline Hollywood.
  16. ^ "AT&T U-verse Timeline" (pdf). AT&T. 2008. Retrieved January 2, 2015.

External linksEdit