AT&T Inc. is an American multinational telecommunications group headquartered at Whitacre Tower in downtown Dallas, Texas. AT&T is the world's largest telecommunications company. AT&T is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States, and also provides broadband subscription television services through DirecTV; Combined with AT & T's legacy U-Verses service, it also makes AT&T the largest paid-television operator. AT&T is the second-largest Texas company behind XandMobil. As of February 2017, AT&T is the 12th largest company (non-oil and composite) in the world, measured by a composite of revenue, profits, assets, and market valuations. AT&T is the world's largest telecommunications company by revenue. As of 2017, it is the 18th largest mobile telecommunications operator in the world with 134 million mobile subscribers. AT&T was ranked # 4 in the 2017 ranking of the world's most valuable brands published by Brand Finance.
AT&T Inc. began its history in 1882 as the Southwestern Bell Telephone Company (a subsidiary of the Bell Telephone Company, later the AT&T Corporation). The American Telephone and Telegraph Company (founded in 1885, later AT&T Corporation) followed the 1982 United States v. AT&T Antitrust Litigation. In 1995, Southwestern Bell Corporation changed its name to SBC Communications Inc. done. In 2005, SBC purchased and branded former parent AT&T Corporation, including the merged entity AT&T Inc. Named and reputed AT&T Corp. Used logo and stock-trading. symbol.
The current AT&T restructures a lot of the former Bell System and includes ten of the original 22 Bell operating companies with a long-distance division.
Undoubtedly, one of the greatest inventions of the 19th century was the telephone, and it is safe to say that the world would not be the same without it. This is why today we are searching for computers that manufacture the American telephone system and it is the largest business in the world to date, while AT&T has some controversy over the actual manufacturer of the telephone, it is Alexander Graham Bell who was patented And it was his company that was to spread it across America.
The phone rang on March 10, 1876, and the first phrase ever whispered down the wire was "Mr. Watson, come here. I want to see you ”, Bell spoke to his assistant. A year later, he had already found several financiers to back his invention, including J.J. P. Morgan, and thus in 1877 he founded the Bell Telephone Company and then in 1878 the England Telephone Company. Their model was to license telecom operating companies around Chicago, Boston, and New York. Worked as an inventor and by 1879, he had sold a stake in both companies to a group from Boston that consolidated the National Bell Telephone Company into two parts. If all these different names sound misleading, well, I see your point, but the real history of AT&T is whether it is many of one company. If you look at the largest telecom traders in the world, you will see that most of them were state-run telephone operators.
China Mobile, Deutsche Telekom, Telefonica; All these and others were officially started, originally run by the post office. But the US has never had a state-run phone operator, because this nature goes against American values, but also because for the US, telephone service was business first and utility second. So, why did the Bell company license the operating service instead of building its network and have complete control over it? Not that he had any rival and he owned the patent. In short, it was only a matter of time and capital. The patents were not indefinite, so the Bell Company had limited time to cover as much of the field as possible before competitors could pop. By licensing, it can avoid spending the millions of dollars necessary to install Tuttlephone service in a new area. Instead, it gave 5 to 10-year contracts to trusted operators, who paid the Bell Company $ 20 per phone per year, and then authorized the operator to buy the property after the contract was over.
It was indeed a very sweet deal: the company did not have to invest a single penny in telephone line and would receive a fixed income, with which the operator would have to buy in less than a decade. But Bell had more significant space to spend its money, so in the end, the company struggled for a 30-50% stake in most operators. So was this other project Bell Investments? Okay, part of the agreement with operators is that they can expand into their territory, but cannot link with other operators, whether they were a part of the Bell system. This meant that there was no effective way to make long-term calls, and this is what Bell was interested in. It was the only company rich enough to build its network of long-distance telephone lines, and although doing so ended up a ton of debt, it was now an absolute monopoly on long-distance phone service. The Bell Company established a subsidiary in 1885 to manage this new network and is called the American Telephone and Telegraph Company, or for a short time, AT&T will become a long-distance network. The backbone of the Bell Company. After all of Bell's patents expired, AT&T was the only company that could provide service across the country. Of course, local independent operators started shutting down left and right and by 1907, they ran on more than half of US phones. By that time, about 20% of American home sheds had a telephone, so the service was in great demand. But while you can call your boss using your local operator or complain about there, but the only way to call outside was through the city, AT&T. Of course,
this early network was not particularly good: the quality of service was nuanced, not to mention customer service. Due to this public relations crisis, due to the immense debt of AT&T, J. P. Morgan was able to take control of the company and inspire his man, Theodore Newton Well, as president. He set about restoring AT & T's image, and Owasso decided to invest heavily in research and development, setting up the now famous Bell Laboratories in 1925. Bell Labs, now owned by Nokia, is one of the world's leading scientific institutions. A century. It is responsible for 8 Nobel Prize-winning works, including the creation of transistors, the "C" programming language, and the discovery of cosmic background radiation, one of the major pieces of evidence for the Big Bang Theory. But back to AT&T. By the beginning of the Second World War, a $ 5 billion load in assets, which was a lighter year than any other competitor. According to an aggressive takeover strategy, they controlled the vast majority of US friends, accounting for 98% of long-distance lines. He played a large role in the war effort, thanks to research conducted through Bell Labs and Western Electric, an early phone manufacturer he bought in 1881. The war effort also paid off for him, which led to a large boom in long-distance calls. , Which continued even after the fight. After the war came the space race, where Bellabs was once again a major player, this time with satellite technology. Their communication satellite Telstar 1 was the first to relay televisions and telephones through space, as well as giving translation feeds for the first time. Worked hands-on with NASA, but despite their heavy involvement in government research and development, there were some big question marks on their business practices, particularly around how they controlled the telecom market. An agreement was signed in 1956 that was limited to AT&T. The telephone business alone and Thalasso were required to license someone who needed its patent. In 1968, another decision by the FCC allowed AT&T to allow a third party to join the There network, aimed at preventing its monopoly over long-distance telephones. Ultimately this leads to the manufacture of answering machines, fax machines, and theorems, so see, the FCC was not always bad. But even after giving away access in this way, AT&T still had enormous power over the network, and so the government fought a long and bitter battle in the courts, which would take 8 years to settle. In 1982, the United States ended with AT&T. The breakdown of the AT&T network, or Bell system, as it was called on the antitrust ground. A total of seven independent companies exited the former AT&T, leaving the shell of its former self. These new companies came to be known as Baby Bells. Among them became Verizon. Another, called the Southwestern Bell Corporation, eventually bought three other baby bells and weakened AT&T. In the end, although most of the baby bells ended up back together, the breakup provided a unique opportunity. You see, the 1956 agreement made the telephone business AT & Tastic, which prevented them from entering the computer market.
After 1982, while AT&T had lost power over the regional network, they maintained longer operations and, most importantly, could take a bite in the end. On computers ... no pun is intended. Of course, this was not easy and the next 20 years saw the company constantly changing strategies to keep the electrical wiring of developments happening in the computer industry. The long-distance operation was gradually scrapped, partly through the new law, but also thanks to the development of fiber optics, which, coincidentally, was inspired by Alexandergram Bell's photophone, which introduced a sound using light Message was transmitted, all the way to 1880. By 2005, when Southwestern Bell Corporation bought its former parents for $ 16 billion, AT&T was roadkill-like. separated by buzzards.
Their consumer and business services generally remained; Their wireless, broadband, and telephone systems were gone, not to mention Bell Labs. Therefore, the AT&T we know today is the work of SBC, just rebranded under the more famous name. Today, the new direction of the company is wireless. After a series of acquisitions, AT&T has become the second-largest cellular provider, just behind Verizon. In 2015 he also acquired DirecTV, a satellite service that offers some of the largest channels such as ESPN, HBO, and several majoring networks. He spent about $ 50 billion to get it, but certainly, the real elephant in the room is Time Warner's planned acquisition of AT&T. It is not very clear whether US regulators are going to approve it, but if they do, The combined Company will be the second-largest broadband provider in the USO. On top of that, it will also be owned by Warner Bros., DC Comics, CNN and a handful of major assets. Naturally, the concerns of monopoly have been raised much by all, but this time AT&T has certainly learned its lesson. As of 2015, he has spent close to $ 30 million on political donations and today he has a hundred registered lobbyists. It is very clear that AT&T wants it to go through, but for now, we'll just have to wait and see what happens.
I hope you enjoy the story.
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