SAN ANTONIO–(CCNMatthews – Nov 18, 2005) -

Today marks the birth of AT&T Inc. and of a new standard-bearer in communications, entertainment and service for the 21st century. SBC Communications Inc. (NYSE:SBC) closed its acquisition of AT&T Corp. today as California regulators approved the transaction — the final approval needed for the merger of the companies’ highly complementary networks, product portfolios, capabilities and shared heritage. The combined enterprise will immediately begin a well-planned integration process, allowing the new AT&T family of companies to quickly deliver benefits for both customers and stockholders.

Through its subsidiaries and affiliates, AT&T Inc. is the largest telecommunications company in the United States and one of the largest in the world. The combined company is the largest U.S. provider of high-speed DSL Internet services and local and long-distance voice services and the No. 1 provider of data services to the Fortune 1000. The new AT&T owns 60 percent of Cingular Wireless, which is the No. 1 U.S. wireless services provider.

As part of the merger close, three new members from the former AT&T board of directors were added to the new AT&T board, bringing the total to 18. New members are: David W. Dorman, William F. Aldinger, and Jon C. Madonna; they will be appointed to existing committees.

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