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AT&T

AT&T – The subsidiary of Bell Telephone company that rise as an individual firm in a few years

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The telecommunication industry has experienced lots of changes in the near years. As well as it will further see tremendous changes in the upcoming year. In such a scenario, it will no doubt offers many opportunities for the firms working in this sector. AT&T is one of the largest firms in the telecommunication sector which inherently grabbing such opportunities since its emergence. Established in 1885, the firm has gained significant importance in the global market.

Apart from being a leading telecommunication firm, it is also providing services in multiple sectors. Such as television network service, film production, and premium pay services through WarnerMedia. Also, it is one of the well-known advertising services providers through its very own segment called Xandr. Moreover, the firm is expertise in local exchange and long-distance services.

Backstory of AT&T Establishment

The roots of AT&T’s foundation is in the establishment of Bell Telephone Company. In the mid of 19th century, Gardiner Greene Hubbard, A. Graham Bell, and Thomas Sanders set up Bell Telephone company. That time, in 1885, they acquired AT&T and made it one of the most important segments of the firm. AT&T stands for American Telephone and Telegraph Company, which remained the main firm even after it merged into Bell Telephone company. After a few years, the firm went to several reformations. In fact, U.S regulators limit its business to broke the monopoly of AT&T in the market.  It was the time when AT&T had to turned its regional subsidiaries into individual firms, known as Baby Bells.

The firm also renamed its name, which later on again replaced by original name i.e., AT&T. Today, it maps a large part of the Latin American telecommunication market.

Exploring the business

Even though the firm has experienced several breakups and reformations in history, it stood strong and compete with rivals like MCI and Sprint. Within 10 years, the firm has ranked 15th in the Fortune 500 list. The firm has acquired several businesses in the following years. It purchased Lusacell in 2014, and NII Holdings in the same year. Both were the top firms in the Mexican cellular and wireless business.

Recently, AT&T launched a mobile 5G network in 2018. Currently, available in 12 cities around America. After Verizon, AT&T became the second telecommunication provider to launch 5G. The success journey of AT&T has not been fulfilled yet. As per the vision and mission of the firm, it aims to become the most valuable and admirable firm on the planet. Presently, the firm is working in four segments called AT&T, Latin America, WarnerMedia, and Xandr.

Personalities involved in the success of AT&T

Gardiner Greene Hubbard-Founder

Born on 25 August 1822, Gardiner was a reputed financier, community leader, and lawyer in America. Apart from that, he was one of the founding members of Bell Telephony company, later on, served as the first president of the firm. As well, he was a founding member of the National Geographic Society and Journal Science. Despite being a lawyer by profession but Gardiner worked in almost all sectors.

Coming to his education, he studied at Phillips Academy. In 1841, he finished graduating from Dartmouth. Thereafter he joined Harvard to study law.

John T. Stankey-CEO

AT&T CEO
Image Source: variety.com

He is a well-known businessman in the USA and former CEO at WarnerMedia. Presently, serving as the CEO of leading telecommunication firm, AT&T. Before that, Jhon served in various positions in a similar firm. Jhon is graduated in finance and started his career at Pacific Bell. Thereafter, he got the chance to lead many positions. In fact, he shared a great contribution to the acquisition of DirecTV and Warner. These are some of the important acquisitions made by AT&T. Stankey currently guiding the policies of AT&T. Recently, the firm launched a 5G service, which he aims to explore further. As well, the firm has worked in streaming video services under Stankey’s policies.

Bottom Line

AT&T has a big name in the telecommunication industry, also captures a large part of the local and global market. The firm has grabbed the opportunities provided by the evolving telecommunication sector and strengthen its roots planted in 1885. Presently, it has huge importance in the industry and has millions of clients and customers. Through its top four segments i.e., AT&T, Latin America, WarnerMedia, and Xandr; the firm is playing a large role in the American telecommunication market.

cisco

Cisco – Journey from developing a simple router to becoming pro in networking and telecommunication sector

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The present world we are living in is complex, and much progress, and more communicative. While advanced networking is responsible to connect us to any corner of the world. However, many firms working in this field made communication easier, and more efficient. Cisco Systems is doing an excellent job since its foundation. It is set up in 1984 by a scientist at Stanford University, who also contribute to connecting computers at the university. That is Leonard Bosack and Sandy Lerner. Today, the firm has counted in the leading companies that manufacture world-class network infrastructure. As well, the firm explored its business all over the world. Currently, it is having more than 75K employees and networking experts. 

About Cisco System

A USA based multinational company Cisco is headquartered in San Jose in California. Recently in 2020, Cisco ranked fourth as per the Fortune Magazine. Thus, became the part of 100 best companies to work for in 2020. However, the firm is well known for manufacturing both software and hardware for network infrastructure. As well as manufactures high-tech products and telecom equipment that are known as promising in the international market. Apart from being expertise in the networking field, it also specializes in explicit tech markets. Such as domain security, IoT, and energy management. Jabber, Webex, OpenDNS, Jasper, etc are leading subsidiaries that Cisco acquired to compete in the changing market.

The backstory of foundation

As said earlier, Cisco is born out of the unique idea of computer scientists at Stanford University. As per the part of the research and need to connect computers they created the technology on the campus. For this, the founder Leonard and Sandy developed a router called ‘Blue Box’. With this, each computer could communicate with other computers easily. It was no doubt a small size network infrastructure, later on, shaped as Cisco system in 1984. As a matter of fact, the idea of the name “Cisco” has come from the city name San Francisco.

However, the firm had gone through lots of hurdles in the initial days. During the first phase of development, the founders unfortunately were accused of stealing the idea. This matter closed after both of them resigned from the firm. No matter what, but the firm has offered miscellaneous service in the networking field. In fact, it was the first firm to introduced multiple network protocol routers in the market. After 1990, Cisco expanded the business with the acquisition of several leading companies like OpenDNS, Webex, etc.

Glimpse on founders’ lives

Bosack and Learner build the base of the Cisco system with the implementation of research of William Yeager’s. For this, they had to face lots of hustles. Even both of them accused of stealing the idea, software, and hardware design. This dispute ends after leaving the firm that they build with great vision. Though, they played an applausive role in Cisco’s establishment that today known as one of the leading companies all over the world.  

Cisco
Cisco Founders: Leonard Bosack, Sandy Lerner
Image Source: fortune.com

Leonard Bosack 

Despite belonging to a catholic family, Bosack was interested in technology. He attended La Salle College High School. Thereafter, he went to the University of Pennsylvania for graduation. Leonard then joined a digital equipment corporation just after his graduation. During this job, he found interest in network technology. To follow his interest and to work in this field, he registered at Sandford University in computer science. While studying at Stanford, he met Sandy learner, who later became his partner in life as well as in business.

Sandy Lerner 

She is hailed from North California, attended California State University for under graduation. Thereafter, Sandy attended Claremont Graduate School to study econometrics. As well, she also went to Stanford University to study statistics and computer science. In 1984, Lerner’s cooperation resulted in the formation of the Cisco system.

Later Success of Cisco

After lots of up-downs, the firm went public meanwhile. Thereafter, it started the expansion of the business all over the world including India. The firm has never compromised its products and services. As well, it evolved as per changing technology and appropriately noted the requirements of the market from time to time. To advance in and achieved supremacy in modern technology, the firm used an acquisition strategy. ParStream, AppDynamics, Lancope, Accompany these are some of the noticeable acquisitions that Cisco made.