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 ?
There is a step change in how divestments are being managed, particularly among the most experienced practitioners with 57 per cent taking a new approach to divestments, with those who had worked on 10 or more deals in the past five years being the most likely to change their approach to make deals more certain to close.
Divestments will continue to be fueled not only by activists demands, but as a result of management teams preemptive portfolio reviews and ongoing portfolio fine-tuning.
The divestment process for Cervera will be initiated during autumn 2014.
The divestment has enabled expansion and creates opportunities for continued growth in the hygiene operations.
more publication paper production will also go as the Wolfsheck Mill in Germany is up for divestment
Canon Naim Ateek, president of the Sabeel Ecumenical Liberation Theology Centre, cited economic divestment as a strategy to advance the peace process in the Middle East during recent meetings with various groups in Canada.
Profit before tax, excluding exchange rate effects, divestments and items affecting comparability, rose 21%.
The Chancellor, in his Mansion House speech in June, asked the OFT to review the impact the LBG and RBS divestments (known as Project Verde and Rainbow respectively) will have on competition and to see what more could be done.
Net sales increased in News and decreased in Entertainment due to the divestment of Welho, Sanoma said.
The divestment of production assets is one of the reasons for reduced oil and gas production for the four IOCs.
This report provides detailed analysis of the recent divestments and spinoffs by integrated oil companies in the oil and gas industry and their plans to increase investments in the upstream sector to ensure future growth.
We will do this by being active both when it comes to opportunities to acquire companies, including possible structural deals, but also through divestment of units within the framework for our business areas that are not considered to have development potential.