AT&T Corporation, originally the American Telephone and Telegraph Company, is the subsidiary of AT&T Inc. that provides voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agencies.
During the Bell System's long history, AT&T was at times the world's largest telephone company, the world's largest cable television operator, and a regulated monopoly. At its peak in the 1950s and 1960s, it employed one million people and its revenue ranged between US$3 billion in 1950 ($35.1 billion in present-day terms) and $12 billion in 1966 ($99.1 billion in present-day terms).
In 2005, AT&T was purchased by Baby Bell and former subsidiary SBC Communications for more than $16 billion ($21.2 billion in present-day terms). SBC then changed its name to AT&T Inc. Today, AT&T Corporation continues to exist as the long distance subsidiary of AT&T Inc., and its name occasionally shows up in AT&T press releases.
1983Dec, 31
The AT&T Bell System is broken up by the United States Government.
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Events on 1983
- 24Feb
Japanese American internment
A special commission of the United States Congress condemns the Japanese American internment during World War II. - 19Jul
CT scan
The first three-dimensional reconstruction of a human head in a CT is published. - 24Jul
Sri Lankan Civil War
The Black July anti-Tamil riots begin in Sri Lanka, killing between 400 and 3,000. Black July is generally regarded as the beginning of the Sri Lankan Civil War. - 1Sep
Korean Air Lines Flight 007
Cold War: Korean Air Lines Flight 007 is shot down by a Soviet Union jet fighter when the commercial aircraft enters Soviet airspace, killing all 269 on board, including Congressman Lawrence McDonald. - 12Sep
Los Macheteros
A Wells Fargo depot in West Hartford, Connecticut, United States, is robbed of approximately US$7 million by Los Macheteros.