Divestiture

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Divestiture

The breakup of AT&T (American Telephone & Telegraph Corporation), the largest company in the U.S. prior to 1984. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). Bell Labs was renamed AT&T Bell Labs, and its Western Electric manufacturing division became AT&T Technologies.

The demarcation point of the split was the Class 4 switching center. Except for those that handled large metropolitan regions, all Class 4 offices remained with AT&T, and all Class 5 offices went to the RBOCs. It was the switching office class hierarchy within the Bell system that made Divestiture possible, because there were clear borders between long distance and local service. See Class 4 switch, Bellcore and Trivestiture.
References in periodicals archive ?
Our purpose is not to complement the previously cited literature in evaluating the diversification strategy of Japanese firms, but instead to focus on portfolio restructuring in Japan from the perspective of both divesture activities and related-asset expansion activities.
We understand this announcement will create uncertainty for Arizona Chemical employees, their families and other stakeholders, and we will do all we can to assist employees with any issues that arise during this divesture process.
Pro forma for expected divestures, Fitch expects unadjusted gross leverage of approximately 2.
TRI has been reviewing its portfolio of assets and has announced a number of divestures over the past year.
The company has indicated that proceeds from divestures are expected to be approximately $1 billion, not including proceeds from the healthcare divesture.
M2 EQUITYBITES-August 31, 2015-TE Connectivity's divesture of Broadband Network Solutions business for USD3.
Fitch believes that the divesture will have a nominal increase on leverage (increase gross and net leverage by less than 0.
According to MACOM, the divesture of its Automotive business will enable it M to realise its full potential as a pure-play high-performance analog company and demonstrates its confidence in achieving high growth rates in its retained core businesses.
M2 EQUITYBITES-December 9, 2014-Hyatt declares divesture of Hyatt Regency Vancouver for about USD123m
The 142 basis-point increase was driven by higher incentive compensation, store divesture expenses and continued strategic capability investments to improve the Company's gross profit rate and accelerate the Commercial business.
M2 EQUITYBITES-October 25, 2013-The New York Times Company completes divesture of its New England Media Group for USD70m(C)2013 M2 COMMUNICATIONS http://www.
The divesture of Ashburn, Virginia-based Cizer Software Corporation by CALIBRE will allow it to focus on cultivating high-growth opportunities and maintain momentum in its market space.