OK go on believing what they feed you. Ma Bell is alive and well and as rich and powerful (and crappy) as ever in the good ol' US of A.
Powerful not quite, maybe in the South and East Central US. Anywhere else, its either Verizon, Quest or regional services.
On the cell wireless network side of things might I recall the fact AT&T is investing $19 Billion on its network to bring it up par with Europe