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Divestiture |
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DivestitureThe breakup of AT&T. 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 physical split was the Class 4 switching center. Except for those that handled large metropolitan regions, all Class 4 offices went to 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The stores already had been targeted for divesture by Federated as a result of the company's $11 billion acquisition of May Department Stores Co. The company estimates the loss on disposal from the Tennessee divesture to be $416,000 for the fiscal year. A federal judge, however, ruled in early 2004 that the monument's place on public land violated the separation of church and state, despite the city's divesture of it. |
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