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Founded in 1983 and headquartered in Dallas , Texas , AT & T continues to be the United States ’ telecommunications leader with $ 160bn in revenue and profits exceeding $ 29.4bn in the last financial year . Led by CEO Randall L . Stephenson , the company managed to turn a reduction in revenue into a 127 % profit positive this year . With services in all 50 states and a diverse employee base exceeding 254,000 people , AT & T shows no signs of slipping to the telecom industry ’ s number two spot .

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