What happened to Pacific Telesis stock?

A lot has happened since 1984. SBC acquired Pacific Telesis in 1996 in a deal in which 0.733 SBC shares were equal to one share of Pacific Telesis. In exchange for one share of Bell Atlantic, NYNEX shareholders surrendered 0.768 of their own shares.

Who bought Pacific Telesis?

SBC Communications Inc.
The third-largest merger in United States history was completed yesterday when SBC Communications Inc. acquired Pacific Telesis Group in a deal worth $16.7 billion. California regulators had given final approval on Monday to the merger, which creates a local-telephone powerhouse covering seven states.

What did SBC Communications become?

Rise of SBC. One of the new companies formed by the breakup of AT was Southwestern Bell Corporation. This company grew continuously over the years until it acquired AT in 2005. After this acquisition, SBC took on AT’s name and branding, and this is the company known as AT today.

Is AT a Pac Bell?

The Pacific Bell Telephone Company (Pacific Bell or Pac Bell) is a telephone company that provides telephone service in California. The company is owned by AT Inc. through AT Teleholdings, and, though separate, is now marketed as “AT”.

When did Pac Bell go out of business?

January 1, 1991
Pacific Northwest Bell

What happened to US West stock?

US West merged with Qwest on June 30, 2000, and over time the US West brand was replaced by the Qwest brand. Qwest merged with CenturyLink on April 1, 2011, and the Qwest brand was replaced by the CenturyLink brand.

What does ATT own 2020?

AT owns CNN, HBO and Warner Bros. after it acquired Time Warner, since renamed to WarnerMedia. Discovery’s channels include Animal Planet, TLC and the Discovery Channel.

Who is SBC owned by?

AT
SBC Telecom, Inc. SBC Telecom, Inc. d/b/a AT Small Business is a CLEC owned by AT that offers local telephone service outside the AT Bell Operating Company regions.

Is Pac Bell still a company?

The Pacific Bell Telephone Company (Pacific Bell or Pac Bell) is a telephone company that provides telephone service in California. As of 2002, the name “Pacific Bell” is no longer used in marketing, Pacific Bell is still the holder of record for the infrastructure of cables and fiber through much of California.

Is Pac Bell still in business?

The company is owned by AT Inc. through AT Teleholdings, and, though separate, is now marketed as “AT”. As of 2002, the name “Pacific Bell” is no longer used in marketing, Pacific Bell is still the holder of record for the infrastructure of cables and fiber through much of California.

What were the Bell companies?

The breakup of the Bell System resulted in the creation of seven independent companies that were formed from the original twenty-two AT-controlled members of the System. On January 1, 1984, these companies were NYNEX, Pacific Telesis, Ameritech, Bell Atlantic, Southwestern Bell Corporation, BellSouth, and US West.

Who bought out US West?

Qwest Communications International
Qwest Communications International said over the weekend that it had completed its purchase of U S West for about $44 billion in stock after federal regulators approved the Montana Power Company’s $200 million purchase of Qwest’s long-distance assets.

Why are there so many Pacific Telesis shares?

Many people have AT Stock which they previously obtained because they were shareholders of Pacific Telesis. Consequently, they need to find their cost basis and historical stock price to calculate their cost or basis in it and to calculate their Capital Loss or Gain for income tax purposes.

When did Pacific Telesis become at & T West?

Pacific Telesis’ companies as a whole business are known as AT West. In 2006, the company was dissolved into AT Teleholdings, which is the current name of the former Baby Bell Ameritech. ^ “Pacific Telesis Group, Inc. v. FTB, Legal – filed March 9, 2005” (PDF). Retrieved 2008-09-08. ^ Mike King (1996-06-26).

What was the original name of Pacific Telesis?

Pacific Telesis is more commonly known as “PacTel.” Prior to the January 1, 1984, breakup of the Bell System, the corporate name of its principal subsidiary Pacific Bell was The Pacific Telephone & Telegraph Company, which had also been referred to as “PacTel.”

When did Pacific Telesis spin off PacTel Cellular?

The cellular and paging unit of Pacific Telesis, PacTel Cellular, was spun off in 1994 into a new company called AirTouch Communications (AirTouch), leaving Pacific Telesis with only the landline telephone company. Senior Pacific Telesis management moved to the new company, thus leaving a new corporate culture to run the old Pacific Telesis.