AT&T Corp
Industry: Communications Services

AT&T Corporation provides voice, data and video communications services to large and small businesses, consumers and government entities. AT&T and its subsidiaries furnish domestic and international long distance, regional, local and wireless communications services, and cable (broadband) television and Internet communications services. AT&T also provides billing, directory and calling card services to support its communications business. AT&T's primary lines of business are business services, consumer services, broadband services and wireless services.In addition, AT&T's other lines of business include network management and professional services through AT&T Solutions, and international operations and ventures.

Business Summary
AT&T Corp. is a business services communications provider, offering a variety of global communications services to over two-million customers, including large domestic and multinational businesses, small and medium-sized businesses and government agencies. The Company operates a telecommunications networks in the United States and, through the Global Network Services, provides an array of services, and customized solutions in 60 countries and 850 cities worldwide. On January 30, 2005 it entered into an Agreement and Plan of Merger with SBC Communications, Inc. (SBC) and a subsidiary of SBC.

Financial Summary
AT&T provides voice, data & video telecommunications services, including cellular telephone & Internet services, to businesses, consumers and government agencies. For the 6 months ended 6/30/05, revenues fell 12% to $13.78B. Net income totalled $836M, up from $412M. Revenues reflect decline in consumer & business retail volumes. Net income was offset by a decrease in depreciation & amortization expense and a lower selling, general & administrative cost.