2006_03_05_att.jpg Remember back when the Feds broke up Ma Bell into all of those regional Bells? Yeah, remind us why they did that again?

The nations largest telephone company AT&T (which used to be SBC until they bought the company and took/kept the name) has just announced that it is buying up the number three company, BellSouth for stock valued at $67 billion. The joined company would not only serve nearly 70 million customers in 22 states but would also own the entirety of Cingular Wireless.

We wonder what Verizon is going to do to top this one.