Reports: AT&T board considering four-way split

AT&T Corp.’s board is scheduled to discuss plans for a radical restructuring of the company on Monday, including a four-way breakup of the telecommunications giant, according to published reports.

The restructuring plan is being discussed as a way to improve AT&T’s valuation, said reports in the Monday issues of Washington Post and The Wall Street Journal. AT&T’s stock price has halved since the start of the year.

Under the four-way breakup plan, called “Project Grand-Slam” according to the Journal, AT&T would be split into business, consumer, broadband and wireless divisions through a series of spinoffs and tracking stocks.

AT&T in April already created a separate tracking stock for its wireless unit.

Only the company’s business services division would retain the name AT&T, the Journal report said. AT&T’s residential long-distance division would be one of the parts the company would be spinning off, said the Post, citing sources with knowledge of the plans.

If a board decision on the plan is made today, it could be announced as early as Wednesday, when AT&T is due to release its third-quarter financial results.

AT&T, in Basking Ridge, N.J., can be reached at

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Article

ADaPT connects employers with highly skilled young workers

Help wanted. That’s what many tech companies across Canada are saying, and research shows that as the demand for skilled workers...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now