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 ?
By divesting assets, investing new cash into operations as well as converting outstanding debt into equity holdings for lenders, SPIC concluded R3300-crore debt restructure in 2013.
And we are relying on a growing list of financial analyses that refute the conventional wisdom that divesting from fossil fuel stocks leads to greater risk or lower returns.
In addition to divesting from Africa Israel Investments and Danya Cebus, the Norwegian Government announced divestment from the Malaysian Company Samling Global over its forestry operations.
Also, divesting that much stock could cost more than $120 million in expenses such as taxes and commissions.
However, that fit can change over time, which can lead to divesting.
The LP plan involves divesting 935,000 acres of timberlands along with its plywood, industrial panels, and lumber businesses and anticipates net proceeds in the US$ 600-700 million range.
formed a joint venture to buy the properties Ameritech was divesting.
The negotiating power of a divesting firm should affect the allocation of wealth changes between the buyer and the seller of divested assets.
NEW YORK -- On Wednesday, United Against Nuclear Iran (UANI) applauded the Canadian investment firm AGF Management Limited ("AGF") for divesting from its Lebanese bonds.
With the hope of saving lives, the city is divesting its holdings from Sudan.
NASDAQ-NMS: STJM), announced today that it will be divesting its
NEW YORK -- On Wednesday, United Against Nuclear Iran (UANI) applauded the Austrian investment firm, Erste-Sparinvest KAG (Erste-Sparinvest), for divesting from Lebanese debt securities in response to UANI's campaign regarding the influence Iran holds over the Lebanese banking system.