AT&T Uverse 2009 Annual Report Download

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People Innovating for People
AT&T Inc. 2009 Annual Report

Table of contents

  • Page 1
    People Innovating for People AT&T Inc. 2009 Annual Report

  • Page 2
    ...." Says Sara, who does marketing and promotions for a national not-for-profit organization: "Life is so busy that it's hard to keep up, but my phone lets me stay in touch with friends and family. And with Internet and e-mail, I can be connected to work wherever I am and at any time of day."

  • Page 3
    ...: In 2009, we extended our unmatched track record of leadership in delivering innovative solutions that allow our customers to connect in new and better ways. In the process, we achieved solid financial and operating results and positioned your company to lead the next wave of communications growth...

  • Page 4
    ... in 2009, we began working to make the nation's fastest 3G network even faster with nextgeneration technology that will double our theoretical peak 3G speeds and prepare us to deploy even faster and more powerful LTE mobile service in 2011.1 AT&T's network supports more 3G HSPA broadband customers...

  • Page 5
    ... than 90 percent of U-verse TV customers bundle high speed Internet, and nearly 70 percent add IP voice. It's a great example of how our strategic investments in innovation are transforming our customers' lives, offering them an unmatched bundle of wireless and wired services that makes content and...

  • Page 6
    ... local business search and advertising capabilities - online, mobile, IPTV and print - to help businesses increase their sales. Unmatched global reach. AT&T not only offers customers solutions to run their businesses in the U.S., we also offer them connectivity around the globe. Our network reaches...

  • Page 7
    ...connecting more people and machines to our global IP network infrastructure - so we can deliver innovative solutions that enable our customers to do more in more places. We have the plan - and the capabilities - to deliver on that strategy and to continue to lead our industry for the long term. Just...

  • Page 8
    ... three screens - TVs, computers and mobile devices - that people use to connect to their world. Their passion is developing integrated features that help consumers get more from their entertainment experience, at home and on the road. Want to program your DVR from your smartphone? Need a customized...

  • Page 9
    ... data-centric devices will be in use worldwide by 2014.5 And our leadership here is just beginning. We also deliver a great video and broadband experience at home, with AT&T's award-winning U-verse TV, U-verse Voice and U-verse High Speed Internet services. IP technology allows customers to benefit...

  • Page 10
    ...mom, Jodi, is there to help. And when she needs help, her iPhone is always nearby and ready with the answers. $14.1B $10.6B $6.9B $4.3B 06 07 08 09 Wireless Data Revenues AT&T's wireless data revenues increased more than 33 percent in 2009. Wireless data on AT&T's network has grown more than...

  • Page 11
    ... it comes to managing her family's busy life. Fortunately, Jodi has a secret weapon: her iPhone. She uses the calendar and notes functions to keep her schedule, grocery list and to-do list close at hand. But that's just the beginning. "This phone is with me 24 hours a day, seven days a week. I love...

  • Page 12
    ... she can still manage what they watch with U-verse's parental controls. "Who would have thought," says Rod, "that when I signed up for my first mobile phone I was starting a long-term relationship with a company that is still finding new ways to keep us connected and make our lives easier?" 10 AT...

  • Page 13
    ...09 2,065K AT&T U-verse Video Subscribers AT&T now delivers AT&T U-verse TV service to 2.1 million homes - nearly double the total at year-end 2008. And AT&T added more wired video subscribers in 2009 than any other cable or telephone company. Rod connects with his family through their shared love...

  • Page 14
    4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 16.3M 16.7M 16.9M 17.1M 17.3M Broadband Leadership Combining wired and 3G LaptopConnect cards, AT&T is the No. 1 provider of broadband service in the U.S. Tushar stays connected to the office and his family with AT&T U-verse and wireless service.

  • Page 15
    ... his office at a Fortune 50 company. So after he and his wife, Meg, get the kids to bed, Tushar uses wireless access to U-verse High Speed Internet to catch up on work e-mails, while Meg chooses a movie from the U-verse Video On Demand library. And since their downtime is so limited, they use the...

  • Page 16
    ... Communications Technology Research department, Bob leads the company's telehealth research. His team, including Lusheng Ji, works to harness the power of wireless and broadband networking to deliver innovative health care solutions such as electronic sharing of medical records, secure data exchange...

  • Page 17
    ... to changing needs and seasonal shifts in demand with flexible, highly secure, pay-as-you-go connectivity. By eliminating the need to buy and support extra equipment and data-storage capacity, these solutions help companies dramatically reduce computing costs without sacrificing speed or service...

  • Page 18
    ... go. In Connect by Hertz, the capabilities and scope of AT&T's wireless and global IP networks come together, giving Hertz and its customers the benefits of an integrated, end-to-end solution with a single point of contact. Advertising Solutions Internet Revenues In 2009, AT&T Advertising Solutions...

  • Page 19
    New Yorker Jamie Pohlman uses Connect by Hertz to run errands around Manhattan. 17 AT&T 09 AR Business Solutions

  • Page 20
    07 08 09 $9.6B $11.1B $13.1B IP Data Revenues As customers increasingly rely on IP communications solutions, AT&T's IP data revenues continue to grow at a strong pace - up nearly 18 percent in 2009. Charles Brumauld often fills up at the Shell station on Paris' Boulevard Raspail - one of ...

  • Page 21
    ... becomes increasingly mobile, AT&T's mobility expertise allows them to stay connected with each other, and with their key customers, partners and vendors. With the AT&T solution, Shell has lowered the total management cost of its global network while achieving improved levels of service. Most...

  • Page 22
    ..., Calif. Because AT&T's mobile network is built on GSM technology - the global standard - AT&T offers the best international coverage of any U.S. wireless provider, with more phones working in more places. This gives more of our customers the freedom to stay connected, whether at home or in one of...

  • Page 23
    Thanks to AT&T, whether at home on the water or traveling the globe, Blake knows he can stay connected to work with his BlackBerry smartphone. And many members of his team - which has grown from five employees in 2006 to more than 75 today - do the same. 21 AT&T 09 AR Business Solutions

  • Page 24
    ... commitment to an alternative fuel vehicle fleet is an investment in the future of our company - one that will allow us to operate more efficiently for years to come." - Jerome Webber, AT&T Jerome Webber, Katie Dugan and their colleagues in AT&T's Fleet Operations organization work every day to put...

  • Page 25
    ...helped make us the No. 1 communications company in the world. In turn, we invest in our workforce by creating high-tech jobs that pay well, offer good benefits and provide training and advancement opportunities. We invested more than $260 million in training and development for our employees in 2009...

  • Page 26
    ...AT&T Aspire is giving our kids the tools they'll need to succeed long after they've left our care. AT&T is helping young men and women like Chaltu build sustainable, successful futures." - Rev. L. Scott Donahue, President and CEO, Mercy Home for Boys & Girls 24 AT&T 09 AR Investing in Sustainable...

  • Page 27
    ...; Minimizing our Environmental Impact; Connecting People and Business; and Leading Innovation and Technology. To learn more, visit www.att.com/csr Chaltu Spray Chicago, Ill. AT&T's commitment to innovation extends to helping build a bright, sustainable future for our communities and our world. Our...

  • Page 28
    ... traffic ahead. Using voice-activated calling, he tells his business partner to go ahead to the Marriott hotel for the meeting. This client's important, so they're using GoThere Virtual Meetings, enabled by AT&T Telepresence Solution, to meet "face to face." The business partner is working at the...

  • Page 29
    ... invested more than $55 billion in its wireless and wired networks, and supporting infrastructure, to create the connections that make our daily lives more productive. Each day AT&T enables millions of connections, all powered by our wireless, wired and Wi-Fi networks. Here's a look at one hour in...

  • Page 30
    $123.0B Consolidated Revenue $12.5B Net Income Attributable to AT&T $9.7B Dividends Paid to Stockholders $34.4B Cash from Operating Activities $2.12 Earnings Per Share 2009 by the Numbers

  • Page 31
    ... Review 2009 Selected Financial and Operating Data Management's Discussion and Analysis of Financial Condition and Results of Operations Consolidated Financial Statements Notes to Consolidated Financial Statements Report of Management Report of Independent Registered Public Accounting Firm Report...

  • Page 32
    ... with dilution (000,000) End of period common shares outstanding (000,000) Operating Data Wireless customers (000)4 In-region network access lines in service (000)5 In-region broadband connections (000)6,7 Number of employees 1 2 1 $123,018 $101,526 $ 21,492 $ 3,379 $ 734 $ 152 $ 6,156 $ 12,843...

  • Page 33
    ....4% in 2009. Business customers also disconnected switched access lines, reduced usage-based services and reduced print advertising. Customers disconnecting access lines switched to wireless, Voice over Internet Protocol (VoIP) and cable offerings for voice and data or terminated service permanently...

  • Page 34
    ... in wireless advertising and promotions expense. These decreases were partially offset by an increase in pension/OPEB expense, and higher commissions, customer service costs and IT/Interconnect costs resulting from wireless subscriber growth along with increased support for data services and...

  • Page 35
    ...business customers with landline voice and data communications services, AT&T U-verseSM TV, high-speed broadband and voice services (U-verse) and managed networking to business customers. Additionally, we offer satellite television services through our agency arrangements. The Advertising Solutions...

  • Page 36
    ... in millions except per share amounts Wireless Segment Results Percent Change 2009 2008 2007 2009 vs. 2008 2008 vs. 2007 Segment operating revenues Service Equipment Total Segment Operating Revenues Segment operating expenses Operations and support Depreciation and amortization Total Segment...

  • Page 37
    ...decline in postpaid churn reflects network enhancements and broader coverage, more affordable rate plans and exclusive devices, and free mobile-to-mobile calling among our wireless customers. Wireless Operating Results Our Wireless segment operating income margin was 24.8% in 2009, 22.5% in 2008 and...

  • Page 38
    ...the following: • equipment cost increases of $1,246, reflecting the higher cost of acquiring more advanced integrated devices compared to prior periods; • Interconnect, universal service fee (USF) and reseller expense increases of $426 due to higher network traffic and revenue growth...

  • Page 39
    ... landline services and switched to alternative technologies, such as wireless and VoIP. Our strategy is to offset these line losses by increasing non-access-line-related revenues from customer connections for data, video and voice. Additionally, we have the opportunity to increase Wireless...

  • Page 40
    ...private networks (VPN), application and managed services. Strategic business service revenues increased $603 in 2009 and $741 in 2008, driven mostly by VPN, and U-verse video service increased $980 in 2009 and $402 in 2008. Broadband high-speed Internet access increased IP data revenues $300 in 2009...

  • Page 41
    ...of ending our retail payphone operations. 4 Total wired broadband connections include DSL, U-verse High Speed Internet access and satellite broadband. 5 Satellite service includes connections under our agency and resale agreements. 6 Includes consumer U-verse Voice over IP connections. 3 AT&T 09 AR...

  • Page 42
    ... line of business segment of the L.M. Berry Company. This decrease was partially offset by increased Internet advertising revenue of $196. Operating expenses decreased $216, or 5.7%, in 2009 largely driven by decreases in depreciation and amortization expense of $140, product related costs...

  • Page 43
    ... and mobile navigation devices) and that all our major customer categories will continue to increase their use of Internet-based broadband/data services. We expect continuing declines in traditional access lines and in advertising from our print directories. Where available, our U-verse services are...

  • Page 44
    ... Access 3G network technology covers most major metropolitan areas of the U.S. This technology provides superior speeds for data and video services, and it offers operating efficiencies by using the same spectrum and infrastructure for voice and data on an IP-based platform. Our wireless networks...

  • Page 45
    ... mobileto-mobile calling among our wireless customers. Minimizing customer churn is critical to our ability to maximize revenue growth and to maintain and improve our operating margins. U-verse Services We are continuing to expand our deployment of U-verse high-speed broadband and TV services. As...

  • Page 46
    ... the area of bundling of products and services, including wireless and video, large-business data services and broadband. In most markets, we compete with large cable companies, such as Comcast Corporation, Cox Communications, Inc. and Time Warner Cable Inc., for local, high-speed Internet and video...

  • Page 47
    ... using the largest class of nationwide Internet networks (Internet backbone), wireless carriers, Competitive Local Exchange Carriers, regional phone ILECs, cable companies and systems integrators. These services are subject to additional competitive pressures from the development of new technologies...

  • Page 48
    ... 98% of our goodwill resides in the Wireline, Wireless and Advertising Solutions segments. For each of those segments, publicly traded companies whose services are consistent with those primarily offered by the segment exist, giving a market indication of enterprise value. Enterprise value is the...

  • Page 49
    ... due to future changes in income tax law or the final review of our tax returns by federal, state or foreign tax authorities. In 2007, we adopted new GAAP rules and began accounting for uncertain tax positions under those provisions. As required, we use our judgment to determine whether it is...

  • Page 50
    ... (FASB) issued "Multiple-Deliverable Revenue Arrangements" (Accounting Standards Update (ASU) 2009-13), which addresses how revenues should be allocated among all products and services included in our sales arrangements. It establishes a selling price hierarchy for determining the selling price of...

  • Page 51
    ... 2009, our payments for current income taxes were lower than 2008 due primarily to changes in law impacting the timing of payments. The timing of cash payments for income taxes is governed by the IRS and other taxing authorities and differs from the timing of recording tax expense, which is reported...

  • Page 52
    ... by reductions in non-network spending. Expenditures were used for network capacity growth, integration and upgrades to our Universal Mobile Telecommunications System/High-Speed Packet Access network, as well as for IT and other support systems for our wireless service. Capital expenditures in our...

  • Page 53
    ...; however, any such terminated commitments may not be reinstated. Advances under this agreement may be used for general corporate purposes, including support of commercial paper borrowings and other short-term borrowings. There is no material adverse change provision governing the drawdown of...

  • Page 54
    ... every year and the timing of such payments, if any, is uncertain. MARKET RISK We are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates. These risks, along with other business risks, impact our cost of capital. It is our policy to manage our debt...

  • Page 55
    ... the exposure that results from changes that exceed acceptable amounts. For the purpose of assessing specific risks, we use a sensitivity analysis to determine the effects that market risk exposures may have on the fair value of our financial instruments and results of operations. To perform the...

  • Page 56
    ... shares that expired at December 31, 2009. During 2009, we repurchased 133 thousand shares at a cost of $3. We anticipate concentrating on reducing debt levels in 2010. Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased...

  • Page 57
    ... to access these markets, severely affecting our business operations. Changes in available technology could increase competition and our capital costs. The telecommunications industry has experienced rapid changes in the last several years. The development of wireless, cable and IP technologies has...

  • Page 58
    ... operate than traditional networks. Our competitors, many of which are newer companies, are deploying this IP-based technology. In order to continue to offer attractive and competitively priced services, we are deploying a new broadband network to offer IP-based voice, data and video services. Using...

  • Page 59
    ... access to adequate spectrum, deployment of new technology and offering attractive services to customers. The wireless industry is undergoing rapid and significant technological changes and a dramatic increase in usage, in particular demand for and usage of data and other non-voice services...

  • Page 60
    ...regulations that reduce our incentive to invest in our networks, resulting in lower revenue growth and/or higher operating costs. • Our ability to absorb revenue losses caused by increasing competition, including offerings that use alternative technologies (e.g., cable, wireless and VoIP...

  • Page 61
    Consolidated Statements of Income Dollars in millions except per share amounts 2009 2008 2007 Operating Revenues Wireless service Voice Data Directory Other Total operating revenues Operating Expenses Cost of services and sales (exclusive of depreciation and amortization shown separately below) ...

  • Page 62
    ...maturing within one year Accounts payable and accrued liabilities Advanced billing and customer deposits Accrued taxes Dividends payable Total current liabilities Long-Term Debt Deferred Credits and Other Noncurrent Liabilities Deferred income taxes Postemployment benefit obligation Other noncurrent...

  • Page 63
    ... Used in Investing Activities Financing Activities Net change in short-term borrowings with original maturities of three months or less Issuance of long-term debt Repayment of long-term debt Purchase of treasury shares Issuance of treasury shares Dividends paid Share-based payment excess tax benefit...

  • Page 64
    ... ($1.65, $1.61, and $1.47 per share) Adoption of FASB guidance related to unrecognized tax benefits Other Balance at end of year Treasury Shares Balance at beginning of year Purchase of shares Issuance of shares Balance at end of year 6,495 - 6,495 $ 6,495 - $ 6,495 $ 91,728 29 (50) $ 91,707...

  • Page 65
    ... Less reclassification adjustment realized in net income, net of taxes of $8, $9, and $9 Defined benefit postretirement plans (see Note 11): Net actuarial gains (losses) and prior service benefit (cost) arising during period, net of taxes of $1,044, $(9,298), and $3,411 Amortization of net actuarial...

  • Page 66
    .... Our subsidiaries and affiliates operate in the communications services industry both domestically and internationally, providing wireless and wireline communications services and equipment, managed networking, wholesale services, and advertising solutions. All significant intercompany transactions...

  • Page 67
    ... which included changes to benefit plans, were recognized as if they were a liability assumed at the acquisition date. Amended GAAP for acquisitions requires the acquirer to recognize those costs separately from the business combination. We adopted the new guidance as of January 1, 2009, and applied...

  • Page 68
    ... Revenue Recognition Revenues derived from wireless, local telephone, long-distance, data and video services are recognized when services are provided. This is based upon either usage (e.g., minutes of traffic processed), period of time (e.g., monthly service fees) or other established fee schedules...

  • Page 69
    ... the lower of cost or market value (determined using current replacement cost) were $790 as of December 31, 2009, and $749 as of December 31, 2008. The remainder of our inventory includes new and reusable supplies and network equipment of our local telephone operations, which are stated principally...

  • Page 70
    ... FCC licenses are issued for a fixed time (generally 10 years), renewals of FCC licenses have occurred routinely and at nominal cost. Moreover, we have determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of our FCC...

  • Page 71
    ... acquisitions of these companies are designed to expand our wireless and Wi-Fi coverage area. During 2007, we acquired Interwise®, a global provider of voice, Web and video conferencing services to businesses, for $122 and Ingenio®, a provider of Pay Per Call® technology for directory and local...

  • Page 72
    ... business customers with landline voice and data communications services, AT&T U-verseSM TV, high-speed broadband and voice services (U-verse) and managed networking to business customers. Additionally, we offer satellite television services through our agency arrangements. The Advertising Solutions...

  • Page 73
    ... follows: At December 31, 2009 or for the year ended Wireless Wireline Advertising Solutions Other Consolidation and Elimination Consolidated Results Revenues from external customers Intersegment revenues Total segment operating revenues Operations and support expenses Depreciation and amortization...

  • Page 74
    ... equipment used in operations are leased under operating or capital leases. Rental expenses under operating leases were $2,889 for 2009, $2,733 for 2008 and $2,566 for 2007. At December 31, 2009, the future minimum rental payments under non-cancelable operating leases for the years 2010 through 2014...

  • Page 75
    ... provide wireless communications services. While FCC licenses are issued for a fixed time, renewals of FCC licenses have occurred routinely and at nominal cost. Moreover, we have determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit...

  • Page 76
    ... received Currency translation adjustments Other adjustments End of year $2,332 44 734 (317) 125 3 $2,921 $2,270 - 819 (164) (574) (19) $2,332 Current maturities of long-term debt include debt that may be put back to us by the holders in 2010. We have $1,000 of annual put reset securities issued...

  • Page 77
    ...; however, any such terminated commitments may not be reinstated. Advances under this agreement may be used for general corporate purposes, including support of commercial paper borrowings and other short-term borrowings. There is no material adverse change provision governing the drawdown of...

  • Page 78
    ... other short-term and long-term held-to-maturity investments (including money market securities) and customer deposits are recorded at amortized cost, and the respective carrying amounts approximate fair values. Our investment securities maturing within one year are recorded in "Other current assets...

  • Page 79
    ... each quarter. In the year ended December 31, 2009, no material ineffectiveness was measured. Periodically, we enter into and designate interest rate locks to partially hedge the risk of changes in interest payments attributable to increases in the benchmark interest rate during the period leading...

  • Page 80
    ...990 Employee benefits (14,220) Net operating loss and other carryforwards (1,846) Investment in wireless partnership 18,646 Other - net (2,019) Subtotal 21,347 Deferred tax assets valuation allowance 1,182 Net deferred tax liabilities $ 22,529 Net long-term deferred tax liabilities Less: Net current...

  • Page 81
    ...on our unrecognized tax benefits. In early 2009, the IRS completed its field examination of our 2003 - 2005 income tax returns and issued its final Revenue Agent's Report (RAR). This RAR assessed additional taxes related primarily to the timing of certain deductions related to our network assets. We...

  • Page 82
    ...a stated monthly amount. Management employees of former ATTC, BellSouth, AT&T Mobility and new hires after 2006 participate in cash balance pension plans. Nonmanagement employees' pension benefits are generally calculated using one of two formulas: benefits are based on a flat dollar amount per year...

  • Page 83
    ... and shows the change in the projected benefit obligation for the years ended December 31: Pension Benefits 2009 2008 Postretirement Benefits 2009 2008 Benefit obligation at beginning of year Service cost - benefits earned during the period Interest cost on projected benefit obligation...

  • Page 84
    ... postemployment benefit cost, we used the following significant weighted-average assumptions: 2009 2008 2007 Discount rate for determining projected benefit obligation at December 31 Discount rate in effect for determining net cost (benefit) Long-term rate of return on plan assets Composite rate of...

  • Page 85
    ... projected benefit obligations. In setting the long-term assumed rate of return, management considers capital markets future expectations and the asset mix of the plans' investments. Actual long-term return can, in relatively stable markets, also serve as a factor in determining future expectations...

  • Page 86
    ... benefit plans be funded annually. The principal investment objectives are to ensure the availability of funds to pay pension and postretirement benefits as they become due under a broad range of future economic scenarios, to maximize long-term investment return with an acceptable level...

  • Page 87
    ... orderly transaction between market participants at the measurement date. See "Fair Value Measurement" for further discussion. Investments in securities traded on a national securities exchange are valued at the last reported sales price on the last business day of the year. If no sale was reported...

  • Page 88
    ...) include accounts receivable, accounts payable and net adjustment for securities lending payable. Postretirement Assets and Liabilities at Fair Value as of December 31, 2009 Level 1 Level 2 Level 3 Total Interest bearing investments Equity securities: Domestic International Fixed income...

  • Page 89
    ... same significant assumptions for the discount rate and composite rate of compensation increase used in determining the projected benefit obligation and the net pension and postemployment benefit cost. The following tables provide the plans' benefit obligations and fair value of assets at December...

  • Page 90
    ... tax benefit currently reflected in our consolidated balance sheets. Discount rate for determining projected benefit obligation at December 31 Discount rate in effect for determining net cost (benefit) Long-term rate of return on plan assets Composite rate of compensation increase for determining...

  • Page 91
    ... plans, senior and other management and nonmanagement employees and nonemployee directors have received stock options, performance stock units, and other nonvested stock units. Stock options issued through December 31, 2009, carry exercise prices equal to the market price of our stock at the date...

  • Page 92
    ...of shares vested during the year was $471 for 2009, compared to $554 for 2008 and $345 for 2007. 2009 2008 2007 NOTE 13. STOCKHOLDERS' EQUITY From time to time, we repurchase shares of common stock for distribution through our employee benefit plans or in connection with certain acquisitions. In...

  • Page 93
    ...Price Calendar Quarter Total Operating Revenues Operating Income Net Income Net Income Attributable to AT&T Basic Earnings Per Share1 Diluted Earnings Per Share1 High Low Close 2009 First Second Third Fourth Annual...share impacts may not add to full-year earnings per share impacts due to the difference ...

  • Page 94
    ... included in the Annual Report, unless otherwise indicated. The financial statements of AT&T Inc. (AT&T) have been audited by Ernst & Young LLP, Independent Registered Public Accounting Firm. Management has made available to Ernst & Young LLP all of AT&T's financial records and related data, as well...

  • Page 95
    ... Accounting Oversight Board (United States), the Company's internal control over financial reporting as of December 31, 2009, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated...

  • Page 96
    ... Accounting Oversight Board (United States), the consolidated balance sheets of the Company as of December 31, 2009 and 2008, and the related consolidated statements of income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2009 and our report dated...

  • Page 97
    .... Director 2003-2005 Background: Financial services President and Chief Executive Officer Aromatique, Inc. Director since 1993 Background: Manufacturing and marketing of decorative fragrances Lynn M. Martin, 70 (3,5) Gilbert F. Amelio, Ph.D., 67 Senior Partner Sienna Ventures Director since 2001...

  • Page 98
    ... and General Counsel Jim Callaway, 63 Senior Executive Vice President- Executive Operations Ralph de la Vega, 58 President and Chief Executive Officer AT&T Mobility and Consumer Markets Ron Spears, 61 President and Chief Executive Officer AT&T Business Solutions Ray Wilkins Jr., 58 Chief...

  • Page 99
    ... community may call the Investor Relations staff as listed on our Web site at www.att.com/investor.relations. Stock Trading Information AT&T Inc. is listed on the New York Stock Exchange. Ticker symbol: T Written Stockholder Requests Please mail all account inquiries and other requests...

  • Page 100
    AT&T Inc. | 208 S. Akard St. | Dallas, TX 75202 | att.com