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 ?
M2 EQUITYBITES-February 12, 2018-Victoria Park divests lifestyle property segment
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As per the condition, Sun Pharma will have to divest all products containing tamsulosin and tolterodine, currently marketed and supplied under the Tamlet brand.
dozen cities throughout the United States demanding that theretirement giant TI-CREF divest from companies supporting the illegal Israeli military occupation
No court shall order divestment from the Custodian or direct the Central Government to divest enemy property.
With a view to removing the Commission's concerns, the parties made the commitment to divest Friesland Foods' fresh dairy product business.
Arnold Schwarzenegger said Monday that he intends to sign a bill requiring the state's pension funds to divest from companies that do business with the country's energy and defense sectors.
The acquired assets consist of indefeasible rights of use (IRUs) for dark fiber connections to over 200 buildings and more than 1,600 metro fiber route miles in six of the 11 markets where AT&T was required to divest certain assets.
including the University of California, Brown, Amherst, and Princeton, are choosing to divest from companies with ties to Sudan.
When this is no longer possible, it is time to divest.
based wholesale insurance broker, and still plans to divest Cananwill, its premium finance arm.
This is best reflected in the unprecedented shift in the ownership of private forestland as corporations divest their forest lands to Timber Investment Management Organizations (TIMOs).