The United States Hispanic Chamber of Commerce (USHCC) voiced its support today of the proposed AT&T and T-Mobile merger, with opportunities to increase supplier diversity for minority-owned businesses and create economic development as the primary points of interest.
AT&T’s exemplary commitment to the Hispanic community makes it possible for the USHCC to support the acquisition of T-Mobile. This commitment is not limited to the supply chain, but is also evident in their governance which includes a Hispanic CEO and a Hispanic board member at a time when only 3% of Fortune 100 directors are Hispanic.
AT&T is also one of only 17 companies across the country that is a member of the Billion Dollar Roundtable, an accolade earned by achieving spending of at least $1 billion with minority and woman-owned suppliers. In 2009, AT&T spent $9.2 billion with diverse suppliers which represented nearly 20% of their overall procurement spend.
“AT&T’s relationship with Hispanic business runs deep,” says Javier Palomarez, President and CEO of the USHCC. “We believe that this merger will fuel the growth of minority owned businesses, specifically the Hispanic business community, which is the fastest growing segment in America.”
About the United States Hispanic Chamber of Commerce (USHCC)
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that generate nearly $400 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico. To learn more, visit www.ushcc.com.