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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.
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Select the acquisition below: Pacific Telesis Group. 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.
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Mergers. 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.
Apr 2, 1997 · SBC Communications acquires Pacific Telesis Group in deal worth $16.7 billion; it is third-largest merger in US history; there will be 1,000 new jobs at four new headquarters buildings in ...
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.
Apr 1, 1997 · Clearing the way for a massive merger that will ultimately touch almost every resident of California, the state Public Utilities Commission on Monday gave final approval to SBC Communications’...
- karen.kaplan@latimes.com
- Staff Writer
Apr 2, 1997 · SAN FRANCISCO (AP) SBC Communications Inc. Tuesday acquired Pacific TelesisGroup in a deal worth $16.7 billion, completing the third-largest merger in U.S. history. California regulators on...
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.