I believe they did announce that, and also claim that the letters no longer mean anything (which makes sense as telegraph is long dead, and the telephone network is primarily spam), however their website including investor relations has the ampersand everywhere, so maybe they backpedaled.
Or maybe ampersand was dropped before SBC bought the remaining parts of the old business and reformed T-1000 with the ampersand?
I thought that was when they dropped the ampersand when the biggest baby bell bought the remain baby bells to reform the mothership but couldn't use the ampersand since that was the entity that got broken up in the first place. You can't be too obvious about it and flaunt it in everyone's face. Subtlety is an art. And that art is clearly lost on the FTC
Or maybe ampersand was dropped before SBC bought the remaining parts of the old business and reformed T-1000 with the ampersand?