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AT&T Corp. Clarification
Date:
Topic Finance, Investment and Stocks
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AT&T Corp. Clarification
February 17, 2004 /Wi-Fi Technology News/-AT&T Corp. and ATTLA (AT&T Latin America) are separate entities, trading under different stock symbols, with different management and assets. However, there continues to be inaccurate media reporting.
A recent article emanating from Bloomberg and carried by other media outlets, reported that Telmex purchased AT&T Corp.'s assets in the region. This is inaccurate. As part of the bankruptcy process involving ATTLA, Telmex has agreed to purchase ATTLA?s assets in the region, not AT&T Corp.'s. Closure of this transaction is still subject to various regulatory approvals. Furthermore, ATTLA?s license to use the AT&T name will soon be terminated.
AT&T Corp. retains all of its assets in the region with a strong presence and the capability to service multinationals companies with its own infrastructure and resources. AT&T Corp. has continued to expand its infrastructure through investments aimed at bringing the latest technology and advanced portfolio of services across the region to its over 3,500 business customers, based on its state-of-the-art MPLS Global Platform.
As Penny Shaffer, AT&T Americas Vice President recently stated: "AT&T Corp.'s commitment with its customers in the Caribbean and Latin American region remains unaltered; AT&T Corp. is here today and is here to stay".
About AT&T
For more than 125 years, AT&T (NYSE "T") has been known for unparalleled quality and reliability in communications. Backed by the research and development capabilities of AT&T Labs, the company is a global leader in local, long distance, Internet and transaction-based voice and data services.
Announcement made and released by AT&T!
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