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 ?
0 million in the corresponding period of the prior year period primarily as a result of the net gain on divestures in the prior year period.
Keywords: Portfolio restructuring * Divesture * Asset expansion * Corporate governance * Stakeholder influence * Japan
The continued downward trend in reserves relates to the divestures in Peru, Ecuador and Colombia.
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.
TRI has been reviewing its portfolio of assets and has announced a number of divestures over the past year including (completed and pending): its Scandinavian legal, tax and accounting businesses; BARBRI legal education; Enterprise Risk and Portia businesses.
Hoffman will oversee all activities related to mergers, acquisitions, divestures and other development transactions involving the 16-facility hospital company.
04 charge related to store divestures which were not included in, and continue to be excluded from, the Company's 2009 annual outlook.
He has had direct responsibility for acquisitions, divestures, restructurings, initial public offerings, private placements and preparing for compliance.
Berenfeld Spritzer tax professionals assist clients in litigation matters, mergers, acquisitions, divestures, valuations, international accounting, wealth management and estate planning.