at&t present v.3

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    Connecting Peopleon the Most

    Reliable Network

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    Agenda

    Company Overview Jamie MettenbrinkCurrent Corporate Initiatives VP Human Resources

    Competitive Positioning Scott OharaVP Marketing

    Product Innovation Jing Liand Development VP Technology

    Financial Status Liu LuStock Price History VP Finance

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    Current Corporate Initiatives Management Reorganization

    Speed up product introduction

    Four divisions: consumer, business, infrastructure anddiversified products

    Sustainability Reducing environmental impact of operations

    Helping customers reduce their environmental impact

    Applying innovation and technology to help society

    Global Network Connect wireline, broadband and wireless

    telecommunication services worldwide

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    Competitive Positioning

    - iPhone -

    AT&T ExclusiveExclusive carrier of 3G iPhone

    Innovative TechnologyTouch-screen interface, 3GNetwork Capable, Wi-Fi

    Apple App Store

    Topped 10,000 applications inDecember 2008 and over 300million total downloads

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    Competitive Positioning

    - 3G Network -

    Exceptional CoverageDeployment covering 324 U.S.markets in 41 states

    Industry Leading SpeedFastest rated network among U.S.competitors (Verizon, Sprint)

    HSPA EnabledExclusive U.S. carrier of HSPAenabled 3G networkNetwork Coverage

    3G Network Coverage

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    Competitive Positioning- U-Verse Technology -

    Outstanding Reviews J.D. Power and Associates ranked the

    service highest in customer satisfaction in

    the North, Central, South, and West U.S.regions

    Service Deployment

    Network now has ability to reach14 million existing units

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    Product Innovation and Development

    - Telehealth -

    Broadband MonitoringAt-home monitoring capability forchronic illness patients

    Apointment DecreaseOV 43%, ER 33%, Hospital 29%

    Cost Benefits

    Reduce U.S. healthcare costs by25%, $350 billion, over next 25years

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    Financial Status

    Segmented Revenue2007

    Quarterly Operating Results4Q 2006 3Q 2008

    RevenueExpenseNet Income

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    Stock Price History

    Stock Price $28.18

    (end of dayDec12)

    Dividend $1.60

    Annual

    - 5-Year History -

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    Summary

    Commitment to Sustainability Applying innovation and technology to help society

    Competitive Positioning U-Verse

    iPhone

    3G Innovation and Development

    Telehealth

    Financial Strength 7% growth 2008, 9% growth 2009

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    Connecting Peopleon the Most

    Reliable Network