SBC Communications Inc.
Industry: Communications Services

SBC Communications Inc. is a holding company that, through its subsidiaries, provides communications services and products in the United States and has investments in more than 25 countries. The services and products that the Company offers vary by market, and include local exchange services, wireless communications, long-distance services, Internet services, telecommunications equipment and directory advertising and publishing. In the first quarter of 2004, SBC began offering satellite television services through its agreement with EchoStar Communications Corp. The Company offers its services and products to businesses and consumers, as well as other providers of telecommunications services. Its services and products are marketed under several brands including SBC, through Cingular Wireless, its joint venture with BellSouth Corporation, and SBC Yahoo!, its alliance with Yahoo!.

Business Summary
SBC Communications Inc. (SBC) provides communications services and products in the United States, and has investments in 14 countries. Its services and products include local exchange services, wireless communications, long-distance services, Internet services, satellite television services, telecommunications equipment, and directory advertising and publishing. The Company's services and products are marketed under the SBC brand name, as well as several other brands, including Cingular Wireless (Cingular), through SBC's joint venture with BellSouth Corporation (BellSouth); SBC Yahoo!, through its alliance with Yahoo!, Inc., and SBC Dish Network through its agreement with EchoStar Communications Corp. (EchoStar). SBC has four operating segments: Wireline, Cingular, Directory and International. On January 25, 2005, SBC's subsidiary Sterling Commerce, Inc. acquired Yantra Corporation (Yantra). Yantra is a provider of distributed order management and supply chain fulfillment solutions.

Financial Summary
SBC is a holding company whose subsidiaries provide wireline and wireless telecommunications services and equipment, directory advertising, and cable television services. For the 9 months ended 9/30/05, revenues rose 1% to $30.90B. Net income from cont. ops. fell 27% to $3.13B. Results reflect a higher number of DSL and long-distance lines in service, offset by merger integration costs at Cingular Wireless & fewer gains on the sale of investments.