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UNITED STATES - JUNE 23: The AT&T logo is seen on the outside of their offices in St. Louis, Missouri, June 23, 2004. SBC Communications Inc., the second-biggest U.S. telephone company, agreed to buy AT&T Corp. for about $16 billion in stock and cash, marking the end of the 130- year-old company that brought phones into American homes. (Photo by Peter Newcomb/Bloomberg via Getty Images)

UNITED STATES - JUNE 23:  The AT&T logo is seen on the outside of their offices in St. Louis, Missouri, June 23, 2004. SBC Communications Inc., the second-biggest U.S. telephone company, agreed to buy AT&T Corp. for about $16 billion in stock and cash, marking the end of the 130- year-old company that brought phones into American homes.  (Photo by Peter Newcomb/Bloomberg via Getty Images)