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bellsouth.com

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Investments

8

Portfolio Exits

8

Partners & Customers

6

About BellSouth

Bellsouth is a telecommunications holding company based in Atlanta, Georgia.

BellSouth Headquarter Location

Atlanta, Georgia,

United States

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Latest BellSouth News

AT&T Inc. Announces Pricing of Tender Offers for 63 Series of Notes

May 20, 2022

Author of the article: Article content DALLAS — AT&T Inc. (NYSE: T) (“AT&T”) announced today the pricing of its offers to purchase for cash (i) 54 series of outstanding Notes listed in the table below under “Higher Coupon Offers”, up to a maximum $5 billion aggregate amount of Higher Coupon Total Consideration (as defined below) and (ii) 9 series of outstanding Notes described below under “Discount Offers”, up to a maximum $3 billion aggregate amount of Discount Total Consideration (as defined below). The tender offers described herein are being made on the terms and conditions set forth in the Offers to Purchase, dated May 16, 2022 (the “Offers to Purchase”). The Offers to Purchase, the Letter of Transmittal and the related notices of guaranteed delivery can be accessed at the following link: https://gbsc-usa.com/registration/att . Capitalized terms used but not defined in this announcement have the meanings given to them in the Offers to Purchase. Advertisement 2 Article content (1) Subject to the satisfaction or waiver of the conditions of the Offers described in the applicable Offer to Purchase, if the Maximum Purchase Condition (as defined therein) is not satisfied with respect to every series of Notes, we will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in the table above (each, an “Acceptance Priority Level,” with 1 being the highest Acceptance Priority Level and 54 being the lowest Acceptance Priority Level). It is possible that a series of Notes with a particular Acceptance Priority Level will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase. (2) For each series of Notes in respect of which a par call date is indicated, the calculation of the applicable Total Consideration (as defined in the applicable Offer to Purchase) will be performed taking into account such par call date. See Annex A-1 to the applicable Offer to Purchase for an overview of the calculation of the Total Consideration (including the par call detail) with respect to the Notes. (3) Per $1,000 principal amount of Notes validly tendered, and not validly withdrawn, and accepted for purchase, at or prior to the expiration date for the tender offers; excludes the accrued coupon payment (as set forth in the applicable Offer to Purchase) and assumes a settlement date of May 26, 2022 for such series of notes. (4) New Cingular Wireless Services, Inc. was formerly known as AT&T Wireless Services, Inc. (5) The initial interest rate on the 8.750% Global Notes due 2031 was 8.250%. (6) Pacific Bell Telephone Company was formerly known as Pacific Bell. (7) The 7 1/8% Debentures due March 15, 2026 are unconditionally and irrevocably guaranteed by AT&T. (8) AT&T Mobility LLC was formerly known as Cingular Wireless LLC. (9) BellSouth Telecommunications, LLC converted from BellSouth Telecommunications, Inc. (10) AT&T Inc. was formerly known as SBC Communications Inc. (11) The 6.00% Notes due 2034 were originally issued by BellSouth Corporation, which subsequently converted to BellSouth, LLC. * Denotes a series of Notes with minimum authorized denominations of $1,000. All other series of Notes have a minimum authorized denomination of $2,000. Each series of Notes has an integral multiple in excess of the minimum authorized denomination of $1,000. Advertisement 4 Article content + Denotes a series of Notes, a portion of which is held in physical certificated form (such portion, the “Certificated Notes”) and is not held through The Depositary Trust Company (“DTC”). Such Certificated Notes may only be tendered in accordance with the terms and conditions of the accompanying Letter of Transmittal. With respect to the Certificated Notes, all references to the Offer to Purchase herein shall also include the Letter of Transmittal. The Higher Coupon Offers are scheduled to expire on the “Higher Coupon Expiration Date,” which is 5:00 p.m., New York City time, today, May 20, 2022, unless extended or earlier terminated. Holders of Notes described in the table above may withdraw their validly tendered Notes any time at or prior to 5:00 p.m., New York City time, today, May 20, 2022, unless extended by AT&T. In order to receive the Higher Coupon Total Consideration, Holders of Notes must tender and not withdraw their Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, at or prior to the Higher Coupon Expiration Date. For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Higher Coupon Expiration Date, upon the terms and subject to the conditions set forth in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (New York City time) on May 24, 2022. The “Higher Coupon Settlement Date” will be the fourth business day after the Higher Coupon Expiration Date and is expected to be May 26, 2022. Upon the terms and subject to the conditions set forth in the applicable Offer to Purchase, Holders whose Notes are accepted for purchase in the Higher Coupon Offers will receive the Total Consideration described in the Notes to the table immediately above (the “Higher Coupon Total Consideration”) for each $1,000 principal amount of such Notes in cash on the Higher Coupon Settlement Date. In addition to the Higher Coupon Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the Accrued Coupon Payment, representing accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Higher Coupon Settlement Date. Interest will cease to accrue on the Higher Coupon Settlement Date for all Notes accepted in the Higher Coupon Offers. Advertisement 5 $933.10 (1) Subject to the satisfaction or waiver of the conditions of the Offers described in the applicable Offer to Purchase, if the Maximum Purchase Condition (as defined therein) is not satisfied with respect to every series of Notes, we will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in the table above (each, an “Acceptance Priority Level,” with 1 being the highest Acceptance Priority Level and 9 being the lowest Acceptance Priority Level). It is possible that a series of Notes with a particular Acceptance Priority Level will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase. Advertisement 6 Article content (2) For each series of Notes in respect of which a par call date is indicated, the calculation of the applicable Total Consideration (as defined in the applicable Offer to Purchase) will be performed taking into account such par call date. See Annex A-1 to the applicable Offer to Purchase for an overview of the calculation of the Total Consideration (including the par call detail) with respect to the Notes. (3) Per $1,000 principal amount of Notes validly tendered, and not validly withdrawn, and accepted for purchase, at or prior to the expiration date for the tender offers; excludes the accrued coupon payment (as set forth in the applicable Offer to Purchase) and assumes a settlement date of May 26, 2022 for such series of Notes. The Discount Offers are scheduled to expire on the “Discount Expiration Date,” which is 5:00 p.m., New York City time, today, May 20, 2022, unless extended or earlier terminated. Holders of Notes described in the table above may withdraw their validly tendered Notes any time at or prior to 5:00 p.m., New York City time, today, May 20, 2022, unless extended by AT&T. In order to receive the Discount Total Consideration, Holders of Notes must tender and not withdraw their Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, at or prior to the Discount Expiration Date. For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Discount Expiration Date, upon the terms and subject to the conditions set forth in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (New York City time) on May 24, 2022. The “Discount Settlement Date” will be the fourth business day after the Discount Expiration Date and is expected to be May 26, 2022. Upon the terms and subject to the conditions set forth in the applicable Offer to Purchase, Holders whose Notes are accepted for purchase in the Discount Offers will receive the Total Consideration described in the Notes to the table immediately above (the “Discount Total Consideration”) for each $1,000 principal amount of such Notes in cash on the Discount Settlement Date. In addition to the Discount Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the Accrued Coupon Payment, representing accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Discount Settlement Date. Interest will cease to accrue on the Discount Settlement Date for all Notes accepted in the Discount Offers. Advertisement 7 Article content TERMS OF THE TENDER OFFERS AT&T’s obligation to accept for payment and to pay for Notes of any series validly tendered in the tender offers is subject to the satisfaction or waiver of the conditions described in the applicable Offer to Purchase, including that the aggregate Total Consideration for Notes purchased in the Higher Coupon Offer and in the Discount Offer not exceed $5,000,000,000 and $3,000,000,000, respectively, and on the applicable Maximum Purchase Consideration being sufficient to pay the Total Consideration for all validly tendered Notes of such series. As a result, no series will be subject to pro-ration in the amount accepted. AT&T reserves the right, subject to applicable law, to: (i) waive any and all conditions to the tender offers; (ii) extend or terminate any or all of the tender offers; (iii) increase the Maximum Purchase Consideration of either the Higher Coupon Offers or the Discount Offers or both; or (iv) otherwise amend the tender offers in any respect. Holders are advised to check with any bank, securities broker or other intermediary through which they hold any of the Notes listed above as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or, where revocation is permitted, timely revoke their instruction to participate in the tender offers. The deadlines set by each clearing system for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the applicable Offer to Purchase and the related Notice of Guaranteed Delivery, as applicable. Deutsche Bank Securities Inc., TD Securities, Goldman Sachs & Co. LLC and Citigroup are acting as the Joint-Lead Dealer Managers for the tender offers. For additional information regarding the terms of the offers, please contact Deutsche Bank Securities Inc. at (866) 627-0391 (toll free) or (212) 250-2955 (collect), TD Securities at (866) 627-0391 (toll free) or (212) 250-2955 (collect), Goldman Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 357-1452 (collect) or Citigroup at (800) 558-3745 (toll free) or (212) 723-6106 (collect). Global Bondholder Services Corporation is acting as the tender agent and information agent for the tender offers. Questions or requests for assistance related to the tender offers or for additional copies of the Offers to Purchase, the Letter of Transmittal or related Notices of Guaranteed Delivery may be directed to Global Bondholder Services Corporation at (855) 654-2014 (toll free) or (212) 430-3774 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the tender offers. The Offers to Purchase, the Letter of Transmittal and the Notices of Guaranteed Delivery can be accessed at the following link: https://gbsc-usa.com/registration/att . Advertisement 8 Article content This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The tender offers described herein are being made solely by the applicable Offer to Purchase, the Letter of Transmittal and the related Notice of Guaranteed Delivery and only to such persons and in such jurisdictions as is permitted under applicable law. Neither the communication of this press release, the applicable Offer to Purchase or any other offer materials relating to the tender offers is being made, and such documents and/or materials have not been approved by an authorized person for the purposes of section 21 of the UK Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, this press release, the Offers to Purchase and such documents and/or materials are not being distributed to, and must not be passed on to persons in the United Kingdom other than (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (b) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (such persons together being “relevant persons”). This press release and the Offers to Purchase are only available to relevant persons and the transactions contemplated herein will be available only to, or engaged in only with relevant persons, and must not be relied or acted upon by persons other than relevant persons. CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS Information set forth in this news release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission and the Offers to Purchase related to the tender offers. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005269/en/ Contacts

BellSouth Investments

8 Investments

BellSouth has made 8 investments. Their latest investment was in Air2Web as part of their Series C on October 10, 2001.

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BellSouth Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/19/2001

Series C

Air2Web

$20M

Yes

7/5/2001

Series C

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$99M

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0

5/14/2001

PIPE

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$99M

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0

4/13/2001

Series B

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$99M

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0

5/12/2000

Unattributed VC

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$99M

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0

Date

10/19/2001

7/5/2001

5/14/2001

4/13/2001

5/12/2000

Round

Series C

Series C

PIPE

Series B

Unattributed VC

Company

Air2Web

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Amount

$20M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

0

0

0

0

BellSouth Portfolio Exits

8 Portfolio Exits

BellSouth has 8 portfolio exits. Their latest portfolio exit was Air2Web on September 26, 2011.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/26/2011

Acquired

$99M

1

1/23/2008

Acquired

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0

1/12/2007

Acquired

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10

4/11/2005

Acquired

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10

1/10/2003

Acquired

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$99M

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0

Date

9/26/2011

1/23/2008

1/12/2007

4/11/2005

1/10/2003

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

0

10

10

0

BellSouth Partners & Customers

6 Partners and customers

BellSouth has 6 strategic partners and customers. BellSouth recently partnered with AT&T on January 1, 2006.

Date

Type

Business Partner

Country

News Snippet

Sources

1/11/2006

Partner

United States

BURNABY, B.C. TIO Networks Corp » Info Touch adds Cingular payment to TIO Network

-- Info Touch Technologies Corp. announced in a news release an agreement that enables Cingular Wireless LLC customers to make real-time bill payments with cash at Info Touch Technologies Corp. 's TIO branded self-service automated terminals in the United States .

3

6/2/2005

Vendor

United States

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10

8/23/2002

Vendor

Sweden

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10

5/30/2002

Partner

United States

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10

1/1/2002

Vendor

Germany

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10

Date

1/11/2006

6/2/2005

8/23/2002

5/30/2002

1/1/2002

Type

Partner

Vendor

Vendor

Partner

Vendor

Business Partner

Country

United States

United States

Sweden

United States

Germany

News Snippet

BURNABY, B.C. TIO Networks Corp » Info Touch adds Cingular payment to TIO Network

-- Info Touch Technologies Corp. announced in a news release an agreement that enables Cingular Wireless LLC customers to make real-time bill payments with cash at Info Touch Technologies Corp. 's TIO branded self-service automated terminals in the United States .

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Sources

3

10

10

10

10

BellSouth Team

8 Team Members

BellSouth has 8 team members, including former President, Keith O Cowan.

Name

Work History

Title

Status

Keith O Cowan

President

Former

Mark L. Feidler

President, Chief Operating Officer

Former

Scott Fox

Chief Technology Officer

Former

Raymond Smets

Chief Technology Officer

Former

Kristin Kirkconnell

Chief Information Officer

Former

Name

Keith O Cowan

Mark L. Feidler

Scott Fox

Raymond Smets

Kristin Kirkconnell

Work History

Title

President

President, Chief Operating Officer

Chief Technology Officer

Chief Technology Officer

Chief Information Officer

Status

Former

Former

Former

Former

Former

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