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 switching centers hierarchy made Divestiture possible, because there were clear borders between long distance and local service. Except for those that handled large metropolitan regions, all non-customer facing Class 4 offices remained with AT&T, while all customer-facing Class 5 offices went to the RBOCs. See MCI Decision, Telcordia and Trivestiture.
References in classic literature ?
The smaller red champion had fastened himself like a vice to his adversary's front, and through all the tumblings on that field never for an instant ceased to gnaw at one of his feelers near the root, having already caused the other to go by the board; while the stronger black one dashed him from side to side, and, as I saw on looking nearer, had already divested him of several of his members.
Jane escorted them all upstairs, while Miranda watched the cooking of the supper; but Rebecca promptly took the two little girls away from their mother, divested them of their wraps, smoothed their hair, and brought them down to the kitchen to smell the beans.
When I descended thence--having divested myself of all travelling encumbrances, and arranged my toilet with due consideration for the feelings of my lady hostess, she conducted me herself to the room I was to occupy when I chose to be alone, or when she was engaged with visitors, or obliged to be with her mother-in-law, or otherwise prevented, as she said, from enjoying the pleasure of my society.
Then the Englishman slowly divested himself of his clothing.
Thus for a time the rupture between De Montfort and his king was healed, and although the great nobleman was divested of his authority in Gascony he suffered little further oppression at the hands of his royal master.
So as it was pretty late now, and he was unwilling to ring his bell at that hour of the night, he slipped on his coat, of which he had just divested himself, and taking the japanned candlestick in his hand, walked quietly downstairs.
Pickwick sat down on the rush-bottomed chair, and leisurely divested himself of his shoes and gaiters.
Finally, the Mohican himself reappeared, divested of all his attire, except his girdle and leggings, and with one-half of his fine features hid under a cloud of threatening black.
It is not clear if the move by Otedola was part of his original plan to divest from the downstream business of the company to enable him take over the lucrative upstream and power assets of the firm.
Lassila & Tikanoja Oyj (L&T) (HEL:LAT1V), a provider of environmental management and maintenance services, announced on Monday its decision to divest its ownership of L&T Korjausrakentaminen Oy, which is L&T's subsidiary operating in the field of damage repair and renovation services.
Former Insurance Commissioner Dave Jones in 2016 called on insurance companies to (https://www.insurancejournal.com/news/west/2016/01/25/396279.htm) voluntarily divest from thermal coal investments and required insurers with more than $100 million in annual premium to disclose publicly their investments in fossil fuels.