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AT&T TO SELL HQ BUILDING

AT&T Corp. has decided to sell its 2.6 million-square-foot operational headquarters in Basking Ridge as a cost saving measure as the company consolidates some of its business units.

The 3,200 employees who work at the complex will be shifted to other offices in New Jersey next year, and virtually all workers will depart by 2003, AT&T spokesman Gary Morgenstern said Wednesday.

The company maintains its corporate headquarters in New York.

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