Att: Picking Its Targets

As the world's largest international carrier, AT&T is guaranteed a place at the head table of telecommunications' global feast. It's the only phone company that manufactures equipment. It owns a major computer subsidiary. Once its pending acquisition of McCaw Cellular Communications Inc. is complete, it will operate the largest U.S. cellular network. And it has a 60% share of the U.S. long-distance market.

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