SBC Communications Announces Three-Year Deal with Financial Partners Credit Union.

LOS ANGELES -- SBC Companies Provide Bundled Telecommunications Services for Financial Partners Credit Union, Downey Headquarters

SBC Communications Inc. (NYSE:SBC) today announced a new servicing agreement with Financial Partners Credit Union to provide bundled telecommunications services for the not-for-profit financial organization. The agreement is worth almost $750,000 over the three-year life of the contract.

Under the agreement, SBC companies will provide the firm's headquarters, located in the city of Downey, with local, long distance, audio conferencing, and Voice over Internet Protocol (VoIP) services. This contract represents a new revenue source to SBC companies as Financial Partners Credit Union is migrating from a competing telecommunications provider.

"SBC companies are pleased to provide Financial Partners Credit Union with a complete offering of bundled telecom services that meets their unique needs," said Jason Myers, regional vice president, SBC West. "I think this agreement serves as an example of our commitment to truly learning the landscape of a customer's business, and then closely working with the customer to develop a suite of services that provides them with both flexibility and value."

The agreement is the product of many months of close negotiations. SBC account team members began discussions with representatives from Financial Partners Credit Union in May 2004.

"We needed a higher level of service for our voice network, and it was important for us to consolidate multiple vendors into one single provider," said Patty Holcomb, vice president, information technology, Financial Partners Credit Union. "It became evident in our discussions with the SBC team that they were best prepared to be our telecommunications single point of contact. SBC companies offers Financial Partners Credit Union the solutions, expertise, and the level of commitment that our organization requires to continue to provide our members with the trusted, convenient, and responsive service we have been providing for more than 60 years."

SBC Communications Inc. is a Fortune 50 company whose subsidiaries, operating under the SBC brand, provide a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC holds a 60 percent ownership interest in Cingular Wireless, which serves 49.1 million wireless customers. SBC companies provide high-speed DSL Internet access lines to more American consumers than any other provider and are among the nation's leading providers of Internet services. SBC companies also now offer satellite TV service. Additional information about SBC and SBC products and services is available at www.sbc.com.

SBC is a registered trademark of SBC Knowledge Ventures, L.P. (C) 2004 SBC Knowledge Ventures, L.P. All rights reserved. Cingular is a registered trademark of Cingular Wireless LLC. SBC logos are trademarks of SBC Knowledge Ventures, L.P. (C) 2004 SBC Knowledge Ventures, L.P. All rights reserved.

Financial Partners Credit Union is a full-service not-for-profit financial organization. Established in 1937 by the aerospace industry to provide a means for people to avoid paying the high interest rates of that time, Financial Partners has since evolved into a leading Southern California credit union, with more than 58,000 members and over $620 million in assets. Financial Partners was previously known as Rockwell Federal Credit Union. Its headquarters is in Downey, with branches throughout Southern California. Membership is available to anyone who lives, works or attends school in Orange County and most Los Angeles County cities. To find out more about Financial Partners Credit Union please call 800. 950.7328 or visit www.fpcu.org.

Local services provided by SBC California based upon the service address location. Long distance voice and audio conferencing services are provided by SBC Long Distance, Inc. VoIP services are provided by SBC Internet Services, Inc. SBC, the SBC logo and other SBC product names are trademarks of SBC Knowledge Ventures, L.P. or its affiliates. (C) 2005 SBC Knowledge Ventures, L.P. All rights reserved.