Background: AT&T Wireless debuted in a public offering in April 2000, raising a whopping $10.6 billion. The IPO was meant to separate the telecom company's mobile and landline phone business one month before the dot-com bubble bursting. In 2004, AT&T Wireless was acquired by Cingular, a joint venture between SBC Communications and BellSouth. SBC also acquired the original AT&T the following year and the wireless provider was eventually folded back in. The entire conglomerate was renamed AT&T ( T). Last year, AT&T's planned acquisition of T-Mobile from Deutsche Telekom was denied by the Federal Communications Commission and Department of Justice. AT&T said publicly in December that it would end its bid for the rival. Stock performance: Shares of AT&T are up 8.2% this year, boosted by strength in its wireless business. AT&T's stock is down 0.43% to $32.72 Monday.