Item 8.01 Other Events.

On August 13, 2012, AT&T Inc. (formerly known as SBC Communications Inc.) provided irrevocable notice to The Bank of New York Mellon, as trustee (the "Trustee"), to redeem all the outstanding 4.85% Global Notes due February 15, 2014 with CUSIP number 00206RAQ5, in accordance with the terms of the Indenture with the Trustee. The redemption date will be September 14, 2012, and the redemption amount will be determined on September 11, 2012.

AT&T expects the aggregate cash payment to be approximately $1.062 billion, including principal of $1.0 billion, accrued interest of $4 million, and a call premium of $58 million. In conjunction with the redemption, AT&T will unwind fixed to floating swaps related to this debenture. Using current market rates, the gain on the swaps is expected to be approximately $32 million. The redemption of this debt is expected to be funded by cash on hand and commercial paper.

CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS

Information set forth in this filing contains financial estimates and other 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. AT&T disclaims any obligation to update or revise statements contained in this filing based on new information or otherwise.