AT&T, a multinational telecommunications company, was founded by Alexander Graham Bell, Thomas Watson, and Gardiner Greene Hubbarb in 1885. It was originally a subsidiary of the American Bell Telephone Company, which was later acquired by AT&T in 1899. The company held a monopoly on phone services in the United States until 1982, when it was required to divest its local subsidiaries. Today, AT&T is headquartered in Dallas, Texas, and has over 200,000 employees. In 2020, it was ranked 9th on the Fortune 500 list with an annual revenue of $181 billion.