Monday, March 21, 2011

AT&T’s T-Mobile USA Purchase Caps $250 Billion Acquisition Spree: Timeline

The following details AT&T Inc.'s acquisitions since its breakup. AT&T's plan to buy T-Mobile USA from Deutsche Telekom AG (DTE) for $39 billion, creating the largest U.S. wireless carrier, caps more than $250 billion of purchases over two decades, according to data compiled by Bloomberg.

1876: Alexander Graham Bell invents the telephone, leading to the formation of the Bell Telephone Company, later becoming the American Telephone & Telegraph Company and then AT&T.

January 1982: AT&T and the U.S. Department of Justice sign a Modification of Final Judgment that ends an antitrust suit and splits the company up.

January 1984: AT&T Corp. is split into seven Regional Bell Operating Companies. These "Baby Bells" later merged or were renamed to form operators including Verizon and Qwest. AT&T held onto the long-distance business and spun off Bells Labs to become Lucent Technologies Inc.

September 1994: AT&T finishes its $11.5 billion acquisition of McCaw Cellular Communications Inc. after the Federal Communications Commission clears the way for the combination of the U.S.'s largest long-distance service provider and the largest cellular operator.


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