The New AT&T

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.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.