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SBC Named to HISPANIC Magazine Corporate 100 List

Submitted by: SBC Communications Inc.

Categories: Human Resources & Diversity

Posted: Mar 13, 2000 – 11:00 PM EST

 

Mar. 13 /CSRwire/ - SBC Communications Inc. has been named to HISPANIC Magazine's list of the top 100 corporations for Hispanics. The designation recognizes SBC's commitment to providing opportunities for Hispanics, as well as promoting diversity in the workplace, marketplace and the communities it serves. SBC has made the list every year since its inception in 1989.

In its January/February issue, the magazine points out the efforts of many corporations who partner with the Hispanic business world and community, investing financial and human resources toward improved diversity.

"For the eleventh year, HISPANIC Magazine hopes to illustrate the efforts of those future-minded companies and encourage others to follow their lead," the magazine says.

More than 24,000 Hispanics are employed with SBC. The company has long promoted the advancement and recruitment of minority employees through scholarships, tuition reimbursement, the SBC Center for Learning and other professional development tools.

"Recruiting and advancing Hispanic and other minority employees makes good business sense," said LeVon Clark, executive director, workforce diversity. "To be truly competitive in a global market, our employee base must reflect and understand our customer base, and that can only happen with a diverse workforce."

Employee groups such as HACEMOS (Hispanic Association of Communications Employees of SBC) promote professional development and community involvement in SBC territories.

SBC's diversity is also evident at the top. Twelve percent of its board members are Hispanic, and seven percent of corporate officers are Hispanic.

SBC's commitment to diversity also extends to its relationships with vendors. SBC spends more than 20 percent of its procurement dollars with minority businesses, including $360 million to Hispanic businesses in 1998.

SBC has been recognized by several other organizations and publications in recent months for its commitment to diversity. The company was named the nation's most admired telecommunications company by Fortune magazine last month. In 1999, SBC was named one of Working Woman magazine's Top 25 Corporations for Women Executives and Corporation of the Year by the National Minority Supplier Development Council.

SBC Communications Inc. (www.sbc.com) is a global communications leader. Through its subsidiaries - Southwestern Bell, Ameritech, Pacific Bell, SBC Telecom, Nevada Bell, SNET and Cellular One - and world-class network, SBC provides local and long-distance phone service, wireless and data communications, paging, high-speed Internet access and messaging, cable and satellite television, security services and telecommunications equipment, as well as directory advertising and publishing. In the United States, the company currently has 90.4 million voice grade equivalent lines, 11.2 million wireless customers and is undertaking a national expansion program that will bring SBC service to an additional 30 markets. Internationally, SBC has telecommunications investments in 23 countries. With more than 204,000 employees, SBC is the 13th largest employer in the U.S., with annual revenues that rank it among the largest Fortune 500 companies.

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