AT&T Finished Divestiture of Sterling Commerce toward IBM

AT&T today completed its divestiture of Sterling Commerce to IBM (NYSE:IBM). AT&T, which acquired Sterling Commerce in 2000, received approximately $1.4 billion in cash and expects to record a one-time pretax gain of approximately $800 million in the third quarter of 2010.

The divestiture is consistent with AT&T’s focus on developing and providing a full portfolio of networking-based solutions and services, including network- and cloud-based data storage and managed hosting, application and computing services, to its business customers. AT&T remains committed to its strategic alliance with IBM, AT&T’s largest customer, to provide a unified set of telecommunications and computing services to multinational corporations across the globe.

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