AT&T Renews and Extends Voice and Data Contract with Avnet

AT&T Uses Sonet Technology to Support Disaster Recovery Plan

Phoenix, Arizona, August 31, 2006

AT&T Inc. (NYSE: T) today announced that AT&T has extended its relationship with Avnet, Inc. (NYSE: AVT) by signing the company to a new three-year, multimillion dollar contract for voice, data, Internet, local and SONET services. Avnet, a Phoenix, Ariz.-based company, is a leading B-to-B distributor of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded subsystems from leading manufacturers. Serving customers in 70 countries, Avnet markets, inventories and adds value to these products and provides supply chain management and engineering services.

As part of the deal, AT&T will upgrade Avnet's metropolitan area network, which includes its headquarters and data center locations, providing additional bandwidth to support new applications as well as a new disaster recovery solution. In the case of a natural or man-made disaster, the new disaster recovery solution, using AT&T's SONET technology, allows Avnet to promptly redirect and operate key applications from another data center.

"The AT&T solution gives us multiple redundant communications channels and can automatically switch to a backup data center in the event of a network failure," said Bob Prezkop, senior vice president for Avnet. "Additionally, the new contract builds on our long-standing relationship with AT&T, one that Avnet views as invaluable"

The agreement renews and expands a relationship spanning more than 20 years between the two companies.

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About Avnet, Inc.
Avnet (NYSE:AVT) enables success from the center of the technology industry, providing cost-effective services and solutions vital to a broad base of more than 100,000 customers and 300 suppliers. The company markets, distributes and adds value to a wide variety of electronic components, enterprise computer products and embedded subsystems. Through its premier market position, Avnet brings a breadth and depth of capabilities that help its trading partners accelerate growth and realize cost efficiencies. For fiscal year ended, July 1, 2006, Avnet generated revenue of $14.25 billion through sales in approximately 70 countries. Please visit www.avnet.com for more information.

About AT&T
AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high speed DSL Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with 57.3 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at www.att.com.

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