Dear American Telephone and Telegraph Company Share Owner:
This Information Statement and Prospectus contains a detailed explanation of how American Telephone and
Telegraph Company ("AT&T") will divest itself of the exchange telecommunications, exchange access and printed
directory advertising portions of the 22 wholly-owned Bell operating telephone companies, as well as the cellular advanced
mobile communications service business.
It includes information statements with dividend information and financial and operating data for the post-
divestiture AT&T and the seven regional holding companies into which the divested operating companies will be organized
prior to divestiture. It also contains a description of the Share Owner Dividend Reinvestment and Stock Purchase Plans of
the regional companies.
In addition, you will find in this document a full explanation of the Company's plan to distribute to our common
share owners the stock of the new regional holding companies. The divestiture, to take place January 1, 1984, will not affect
the number of AT&T common shares you hold. You will, however, be entitled to an equity interest in the form of common
shares in each of the regional companies.
Listed alphabetically, the seven regional holding companies are:
American Information Technologies Corporation, with headquarters in Chicago, Illinois.
Bell Atlantic Corporation, with headquarters in Philadelphia, Pennsylvania.
BellSouth Corporation, with headquarters in Atlanta, Georgia.
NYNEX Corporation, with headquarters in New York City.
Pacific Telesis Group, with headquarters in San Francisco, California.
Southwestern Bell Corporation, with headquarters in St. Louis Missouri.
U S WEST, Inc., with headquarters in Englewood, Colorado.
As explained in this document, each AT&T common share owner as of December 30, 1983, will receive one share
of each of the seven regional holding companies for every ten shares of AT&T held by that share owner.
Share owners of record with accounts