M&A Deal Summary

AT&T Acquires BellSouth

On December 29, 2006, AT&T acquired communications company BellSouth for 89M USD

Acquisition Highlights
  • This is AT&T’s 9th transaction in the Communications sector.
  • This is AT&T’s 15th largest (disclosed) transaction.
  • This is AT&T’s 12th transaction in the United States.
  • This is AT&T’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2006-12-29
Target BellSouth
Sector Communications
Buyer(s) AT&T
Deal Type Add-on Acquisition
Deal Value 89M USD

Target

BellSouth

Atlanta, Georgia, United States
BellSouth Corp. is an american telecommunication services.

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Buyer(S) 1

Buyer

AT&T

Dallas, Texas, United States
Category Company
Founded 1983
Sector Communications
Employees148,290
Revenue 122.4B USD (2023)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 13 of 37
Sector (Communications) 9 of 19
Type (Add-on Acquisition) 11 of 30
State (Georgia) 2 of 2
Country (United States) 12 of 32
Year (2006) 3 of 3
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-26 inFreeDA

Menlo Park, California, United States

inFreeDA, Inc. an ad supported phone based directory service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Dobson Communications

Oklahoma City, Oklahoma, United States

Dobson Communications Corp. is a communications provider in rural and suburban areas of Alaska, Arizona, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Oklahoma, Pennsylvania, Texas, Virginia, West Virginia and Wisconsin.

Buy $2.8B
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