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SBC Communications Inc
- SBC Communications Inc. (formerly Southwestern Bell) has acquired Pacific Telesis Group (formerly Pacific Bell) in a $16.7 billion move. This first union of former Bell operating companies creates the nation`s second-largest telecommunications company and has sparked rumors of mergers among the remaining Bell operating companies.
www.lightwaveonline.com/business/mergers-acquisitions/article/16666271/former-bells-merge
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In 1997, Pacific Telesis Group was acquired by SBC Communications, and although the Pacific Telesis Group corporate name disappeared fairly quickly, SBC continued to operate the Pacific Bell and Nevada Bell local telephone companies separately under their original names.
In August 1990 Pacific Telesis restructured, dividing Pacific Bell into four sections. The first group, with regionally appointed vice presidents, was to oversee markets organized geographically into the Sacramento-North Valley, Los Angeles-Ventura County, and Orange-Riverside-San Bernardino County territories. A second group was to direct ...
May 20, 2014 · The whirlwind began in 1997, when Southwestern Bell Corp. (SBC) merged with fellow Baby Bell Pacific Telesis. Two years later, SBC bought Ameritech, another Baby Bell.
If you acquired AT&T Inc. (formerly SBC Communications Inc.) shares as a result of SBC's acquisition of Pacific Telesis Group (PAC), use this worksheet.
Dec 14, 1992 · The upshot of Pacific Telesis Group Inc’s protracted examination of its options to maximise shareholder value is that the company will spin its lightly-regulated PacTel Corp wireless communications business off to its shareholders, and revert to being a regulated local phone company serving California and Nevada.
Coming shortly after AT&T's previous acquisitions of major cable provider TCI as well as Pacific Telesis and Ameritech, the MediaOne deal firmly established Ma Bell as the nation's largest player in cable, adding millions more subscribers in key markets.
Apr 1, 1997 · It's a done deal: SBC Communications today announced its $16.5 billion megamerger with Pacific Telesis Group is complete, following approval from state regulators.
