|Dallas, Texas, United States
|5 October 1983, Delaware, United States
|Alexander Graham Bell
|Number of Employees:
|the United States of America And World
|Products of Company:
|the multinational conglomerate holding company
|Net Worth in 2024:
AT&T Communications is a company that mainly focuses on satellite television, fixed-line telephone, digital television, OTT, IPTV, pay-TV offerings, etc. It is one of the most recognized, well-established, and respected brands in telecommunications and networking globally. It was established in 2017 to house all of AT&T’s Technology Business and Telecommunications. The company includes AT&T Intellectual property, AT&T Business, Mobility, Direct TV, U-Verse, etc. In June 2018, it was considered as the largest division in terms of revenue.
Well, how well do you know about AT&T? If not much, we have compiled all you need to know about AT&T’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about AT&T to date.
AT&T was established as Bell Telephone company by Gardiner Greene Hubbard and Alexander Graham Bell, and Thomas Sanders after Bel had successfully patented the telephone. It was based on 31st Dec 1899. The leading company had subsidiaries such as American Telephone and Telegraph Company (AT&T) instilled in 1885, which was engraved under Bell Company on Dec 1899.
However, AT&T was considered mainly due to some legal issues. The company getting spread in the US and Canada authorized by govt (Kingsburg Commitment) to help the phone service monopoly throughout the 20th century. AT&T was aka as Ma Bell and monopoly aka as Bell System.
In 1982 the company was divided regionally, and each was treated as an individual called Regional Operating Company or “Baby Bells.” This breakup rose competition to them against MCI & Spirit. Southwestern was also one such “Baby Bells,” which commenced multiple acquisitions in 1987 of Metromedia mobile business and cables in the early 1990s while telecommunications in later 1990s. Other “Baby Bells also joined it.” This time the company was renamed “SBC Communications.”
In 1985 the company made up to Fortune 500 ranking under 155, and by 1999 it was a part of “Dow Jones Industrial Average” till 2015.
In 2005 SBC bought AT&T for $1, and it again came back to AT&T’s name, which is heard still. AT&T tried to buy T Mobile for $39 in 2011 but failed due to legal issues. However, in 2011 AT&T it was expanded to Latin America through collaborations with America Movil. The company also announced to sell its Connecticut Wireline operations to Stamford Based Frontier Communications.
In 2014 AT&T merged with Mexican cellular carrier Duracell and the Mexican wireless business of NIL Holdings to known as AT&T Mexico.
In 2015 it created AT&T Entertainment since it purchased DirecTV for $48.5 billion and decided to cover existing U-verse home internet and IPTV brands with same.
In 2016, it further reached heights by announcing to purchase Time Warner for $108.7 billion to expand themselves further.
The company owns a 2% stake in Canadians domiciled entertainment company-Lionsgate.
In 2017 AT&T planned to launch new cable TV. Later in the same year, the company was supposed to divest either DirecTV or Turner Broadcasting System. However, in the same year company became the “world’s largest telecommunication company” and also the “largest provider of fixed telephone and mobile telephone services” in the U.S. The situation was resolved later, and the company could successfully merge with both companies.
In 2018, AT&T decided to sell a small stake of Direct TV to Vrio but later canceled the deal since the latter suffered some public debuts, and they were scared of market conditions.
The company performed some acquisitions, and after completing the above, it was divided further into four units- Communications, Consumer and Business wireline telephony, AT&T Mobility, and consumer entertainment video services.
In the further two years, the company has expanded its enterprise further by performing partnerships with health care, and took some vital steps such as capital investment, improving share value, etc.
Awards and Achievements
AT&T is one of the best and largest multinational telecommunication company and had received some notable awards.
In 2015 AT&T has received multiple awards such as “Best Service Innovation” in NA for new “Stitched Ethernet on Demand capability” and “Best Health care Provider” and “Best Govt Solution for flagship Switched Ethernet Service solution.”
It was also recognized as the “Best Small Business Service,” providing comprehensive one-stop-shop offerings by the World Communication Awards.
In 2014, AT&T was recognized as a leader in the Reader Choice mobility solution category. Also, it received the “Small Cities Initiative” in the Internet of Things Award. The company has also received Business Communication Service U.S. Company of the year & M2M Communications Company of the year Award North America.
Apart from honored with these awards, the company has also received a massive amount of achievements like nearly 3.5K positive responses in 2016, achieving the credit of having the largest stores, etc.
Net Worth & Earnings of AT&T in 2024
AT&T is the most excellent telecommunications brand in the world and also the biggest provider of mobile phone services in the nation. The company has an employee count of 256,420 as of 2024 and nearly $270 billion as net worth.
AT&T Inc is an American based MNC headquartered at Whitacre Tower in Downtown Dallas, Texas. The company is a conglomerate holding company and also Delaware registered. It is the leading company in providing fixed-mobile telephone services under AR&T Communications in the US.
By 2018 it has also instilled mass media conglomerate WarnerMedia under its umbrella, establishing it to be the largest media and entertainment company in revenue terms. In 2018, it was ranked as 9 in the Fortune 500 rankings of the giant US corporations in terms of revenue. It is one of the most recognized, well-established, and respected brands in telecommunications and networking globally.