Later Acquisition of American Bell By AT&T
The American Bell Telephone Company was later purchased by its own subsidiary, American Telephone & Telegraph (AT&T) on December 30, 1899. Thus share ownership of New England Telephone and Telegraph evolved into ownership of AT&T. AT&T would later undergo mergers with SBC Communications and BellSouth to become The New AT&T.
Read more about this topic: New England Telephone And Telegraph Company
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