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AT&T Inc., an abbreviation for its predecessor's former name, the American Telephone and Telegraph Company, is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas.[4] It is the world's third largest telecommunications company by revenue and the third largest wireless carrier in the United States behind T-Mobile and Verizon.[5] As of 2023, AT&T was ranked 32nd on the Fortune 500 rankings of the largest United States corporations, with revenues of $122.4 billion.[3]
https://en.wikipedia.org/wiki/AT%26T
Political involvement
According to OpenSecrets, AT&T was the fourteenth-largest donor to United States federal political campaigns and committees from 1989 to 2019,[117] having contributed more than US$84.1 million, 42% of which went to Republicans and 58% of which went to Democrats. In 2005, AT&T was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush.[118][119][120] Bill Leahy, representing AT&T, sits on the Private Enterprise Board of the American Legislative Exchange Council (ALEC).[121] ALEC is a nonprofit organization of conservative state legislators and private sector representatives that drafts and shares model state-level legislation for distribution among state governments in the United States.[122][123][124]
During the period of 1998 to 2019, the company expended US$380.1 million on lobbying in the United States.[125] A key political issue for AT&T has been the question of which businesses win the right to profit by providing broadband internet access in the United States.[126] The company has also lobbied in support of several federal bills. AT&T supported the Federal Communications Commission Process Reform Act of 2013 (H.R. 3675; 113th Congress), a bill that would make a number of changes to procedures that the U.S. Federal Communications Commission (FCC) follows in its rulemaking processes.[127] The FCC would have to act in a more transparent way as a result of this bill, forced to accept public input about regulations.[128] AT&T's Executive Vice President of Federal Relations, Tim McKone, said that the bill's "much needed institutional reforms will help arm the agency with the tools to keep pace with the Internet speed of today's marketplace. It will also ensure that outmoded regulatory practices for today's competitive marketplace are properly placed in the dustbin of history."[129]
In May 2018, reports emerged that AT&T made 12 monthly payments between January and December 2017 to Essential Consultants, a company set up by President Donald Trump's lawyer Michael Cohen, totaling $600,000.[130] Although initial reports on May 8 mentioned only four monthly payments totaling $200,000,[131] documents obtained by the Washington Post on May 10 confirmed the figure of 12 payments, which had begun three days after the President was sworn into office.[132][133] AT&T confirmed the report the same day.[134] The report from The Washington Post, as well as additional reporting from Bloomberg, revealed the payments had been made for Cohen to "provide guidance" relating to the attempted $85 billion merger with Time Warner,[132][133] to gain information on the Trump administration's planned tax reforms, as well as about potential changes to net neutrality policies under the new FCC.[135] Chairman of the FCC Ajit Pai denied Cohen ever inquired about net neutrality on AT&T's behalf.[134][136] A spokesperson for AT&T said that the company had been contacted by the Special Counsel investigation led by Robert Mueller regarding the payments, and had provided all the information requested in November and December 2017.[137][138]
In early 2019, the Democratic House Judiciary requested records related to the AT&T-Time Warner merger from the White House.[139]
While it has expressed support for LGBTQ causes, AT&T has also donated to sponsors of anti-transgender legislation in several US states, especially those predominantly Republican-governed, including Arkansas, Tennessee, North Carolina, Texas and Florida.[140][141][142]