The present AT&T is one of the Bell companies that were incorporated back in 1983. This was after the settlement of a lawsuit at the time. At the time of incorporation the name of the firm was Southwestern Bell Corporation, and then in 1995 it was changed to SBC Communications. An acquisition and merge followed in 2005. This included the logo, trading symbol and old brands.

Once the firm started trading with its original brand name, there were a series of acquisitions of various companies that mark the history and evolution of the company. Key acquisitions involved companies such as BellSouth and Dobson Cellular. The latter one was a leading name in the mobile telephony business. It also bought from Edge Carriers, which specialized mainly in GSM, and significantly from Aloha Partners. So, it was evident that it was trying to offer diversification by acquiring leading brands.

As with most companies of this size, AT&T also underwent difficult periods. Back in 2007 and 2008 in fact some 12000 employees lost their jobs due to a major restructuring process. This was mainly due to the fact that at the time all telecommunications businesses were shifting from wire-based to wireless services. This inevitably called for various changes. It also focused more on the need for higher speed internet connections. In fact it was then that it concluded its contract with Aloha Partners, and a few weeks later it also managed to finalize the acquisition of Edge Carriers.

Once this restructuring was seemingly complete, the firm was still working on another important acquisition, which is however still under way. This involves the Centennial Communication Corp. Each acquisition is strategically thought out to further the firm’s success and competitiveness.

The company also bought Wayport Inc. In December 2008. Wayport proved of paramount importance at that time for the firm’s operations because it owned several hotspots which enabled customers to access internet from various strategically placed locations. Following this acquisition AT&T managed to have 20,000 hotspots in the US.

The company is also buying spectrum for the value of $1.93 billion from Qualcomm, with an aim to expand its 4G wireless operations. This will lead to a doubling of its spectrum. In March 2011 the company also tried to purchase T-Mobile USA, but it did not manage to finalize the deal.

The figures alone are staggering in various respects. For instance, the AT&T network employs over 256,000 employees. Its total turnover in 2011 was $126.723 billion. The firm has had its ups and downs, but it cannot be denied that it is a force in the US telecommunication industry.

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