AT&T Named 2008 North America Company of the Year by Frost & Sullivan

AT&T Recognized for Leadership in Converged Communications for Consumers and Enterprise Businesses

Hong Kong, July 21, 2008 - AT&T Inc. (NYSE:T) announced today that the global growth consulting company Frost & Sullivan has presented AT&T with the 2008 North America Company of the Year award for its technological leadership, commitment to customers, strategic direction and overall financial performance as the largest North American telecommunications service provider in North America.

"As competition continues to get stronger in the North American telecommunications market, AT&T has continued to take the steps needed to stay ahead of its competition," noted Todd Day, analyst, Frost & Sullivan. "The company has managed to grow virtually every aspect of its business while continuing to invest in technology and products for future years. For its strategic approach to next-generation products and services, customer support and overall company performance throughout the last year, Frost & Sullivan recognizes AT&T with this award."

"This industry recognition reinforces our commitment to providing the highest-quality products and services to consumers and enterprise businesses throughout the world, while also focusing our efforts on driving mobile convergence applications," said Bill Archer, chief marketing officer, AT&T Business. "In addition, we're pleased to see Frost & Sullivan's acknowledgement of our leadership in working with global businesses, growth in wireless and solid financials."

The Frost & Sullivan 2008 North America Company of the Year award is presented each year to the company that has demonstrated unparalleled excellence within its industry. The award is based on numerous factors including the company's business development, competitive strategy, customer satisfaction and leadership within a particular Frost & Sullivan Industry Research Group (IRG). To select the award recipient, analysts quantify several market factors for each market participant according to predetermined criteria, paying close attention to its combined operations efforts. This process includes interviews with all the market participants, customers and suppliers, along with extensive secondary and technology research.

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About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit www.frost.com.

About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.

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