Emergic: Rajesh Jain's Blog

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The New AT&T

April 2nd, 2007 · No Comments

The New York Times writes:

The new AT&T has 66.5 million land-based telephone lines, 61 million wireless subscribers, 12 million broadband lines, and sells local phone service in 22 states. It has 302,000 employees.

AT&T’s $242.77 billion market capitalization by far surpasses that of the next largest phone company, China Mobile, at $ 183.13 billion, and is double that of the nearest American competitor, Verizon Communications, at $109.62 billion. The companys come a long way largely on Ed Whitacres vision, said John C. Hodulik, an analyst with UBS. Right from the beginning, he realized the benefits of scale in the telecommunications business.

Tags: Telecom