BellSouth Corporation's an American telecommunications holding company based in Atlanta, Georgia. BellSouth was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice forced the American Telephone & Telegraph Company to divest itself of its regional telephone companies on January 1, 1984. In a merger announced on March 5, 2006 and executed on December 29, 2006, AT&T Inc. acquired BellSouth for approximately $86 billion (1.325 shares of AT&T for each sha… (More on Bellsouth)