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 periodicals archive ?
With divestments of corporations, corporations, and SOEs under the new structure scheme , by the end of the second quarter of 2019, corporations, corporations, and SOEs divested their capital with a total price of VND 1,333 billion.
Also,, confirming his exit from Forte Oil, Otedola, in a message posted on his verified Instagram page, said he had divested from the business and would now concentrate on his power generation business.
Norway-based Kommunal Landspensjonskasse (KLP), a pension fund, has divested from almost USD520,000 of holdings in stocks and bonds of 46 firms.
The divested subsidiary's new owner is Recover Nordic Group.
Jones also established the (https://www.insurancejournal.com/news/west/2017/01/18/439211.htm) Climate Risk Carbon Initiative, which includes information on the amount of oil, gas, coal and utilities investments held by insurance companies, and whether the insurers have divested from thermal coal, the amount of thermal coal divested and any future commitments to divest.
LAHORE -- According to a notice filed on the exchange, Meezan Bank Limited today announced that Noor Financial Investment has divested another 3.4 per cent in Meezan Bank.
Pimentel said Calida, who admitted that he has not divested from his family's security firm, is not a Cabinet member, therefore the requirement to divest does not apply to him.
"Now that he has new friends, he says he would divest 'if he wins.' If he thought it was truly problematic, he would divest now, stay divested, and not wait."
M2 PHARMA-July 5, 2017-NeuroSearch sells remaining interest of divested assets to Saniona; updates outlook
Analysts' chief concern is that WBA remains hard-pressed to find buyers for stores that would need to be divested for the FTC to clear the transaction.
Three trillion, four hundred billion dollars: More than 500 institutions already have collectively divested this amount from fossil fuel extraction companies.
-- In Germany, the Hesse and Nassau Protestant Church, which is managing a fund of 1.8 billion euros, has divested from coal, oil and gas companies.