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Home > Fortune 500 Companies > Bellsouth Corp.
Bellsouth Corp.
Bellsouth Corp is one of the publicly traded companies having a good stock performance result. Bellsouth Corp is a fortune 500 stock listed company trading under BLS.
The BellSouth Foundation, an endowed trust whose assets are about 64 million dollars, focuses exclusively on public education in communities served by BellSouth companies. Since its inception in 1986, it has awarded more than 651 grants totaling more than 58 million dollars to benefit education alone. Mr. Duane Ackerman is chairman and chief executive officer of Atlanta-based BellSouth Corporation.
BellSouth common stock is also listed on the London, Amsterdam and Swiss exchanges. In 2005, Bellsouth Communication Group grew revenues 100 million dollars compared to 2004 as growth long distance offset the revenue lost from declining access lines. Communications Group’s strategy is to position BellSouth as the leading provider of wire line services in the Southeast by offering flexible packages, providing excellent service, deploying new broadband platforms and reducing costs.
The gain on sale of operations in 2005 was 34.75 percent interest in a cellular communications operator in Israel. The company recorded a gain of 351 dollars and added more than 1.1 million mass market long distance customers in 2005 to total nearly 7.2 million at December 31, 2005. DSL net subscriber additions of 786,000 brought total gain of the company to nearly 2.9 million at December 31, 2005.
In 2005, total operating expenses increased 227 dollars in 2004 as compared to the prior year. The most significant expense change driver was increased labor costs of 463 dollars, which includes incremental overtime related to service restoration. Operating revenues in 2005 grew 2 percent compared to 2004. However, print and Internet revenues were negatively affected by billing credits of 22 dollars and 1 dollar respectively, given to customers in the areas devastated by Hurricane Katrina. The company entered into a syndicated line of credit in the amount of 3.0 billion dollars in 2005.
The company Bellsouth Corp strives for excellence in everything that they do including excellent customer service for customers, a great place to work for employees and outstanding performance for shareholders. BellSouth will be customers' choice for high-value, high-quality data, voice and video communications and services.
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