The Internet Becomes Ma Bell's Step Child

Cable operator Comcast (Nasdaq: CMCSA) claims it is now the No.3 phone company in the country. It follows two of the remaining parts of the old AT&T which was broken up in 1982. Verizon (NYSE: VZ) and the new AT&T (NYSE: T), which is made up of some parts of the old one, still hold the top two places. That may appear to be complicated because it is. Seven regional telephone firms were created from pieces of the original Ma Bell. Over the last quarter of a century most of the regionals have been put back together through mergers and acquisitions. It should make phone customers wonder why the company started by Alexander Graham Bell was taken apart at all.

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