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 ?
In this study, we focus on an important subset of portfolio restructuring activities: namely, asset divesture and asset expansion restructuring.
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.
Fitch expects proceeds from divestures and cash generated by operations to be used for investments into its core businesses, acquisitions and for return of capital to shareholders (dividends and/or share buybacks).
Fitch expects proceeds from all of these divestures to be used for investments into its core businesses, acquisitions and for return of capital to shareholders (dividends and/or share buybacks).
Prior to joining IASIS, he served in similar roles for two other hospital companies - most recently as the senior vice president of development for Signature Hospital Corporation, headquartered in Houston, Texas, and previously as the vice president of acquisitions and divestures for Hospital Corporation of America, which operates 163 hospitals and 105 freestanding surgery centers.
Currently, the Company estimates that the incremental store divestures will result in a $0.
Adjusted operating income (operating income before loss on product divestures and litigation settlement charges) for the quarter rose to $14.
Organic growth excludes the impact of currency exchange and acquisitions and divestures.