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 ?
The primary reason for divesting the engineering activity for the biopharm industry, which comprises the offering of engineering and validation services, is the limited connection to Alfa Laval's core business of process solutions and heat transfer, separation and fluid handling products.
It helps avoid making the client feel rejected, and rewards the divesting firm for having attracted and served the client.
For example, the downgrading of a divesting firm's credit rating informs potential buyers of a weakening financial condition and places the selling firm in a negotiating disadvantage.
One method of determining whether SFAS 94 played an important role in the divestitures of the 30 firms is to examine the DE ratios of both the divesting and non-divesting firms.
Last month, UANI announced the results of a three month-long investigation into the influence of Iran and Hizballah in the Lebanese banking system (LBS) and Lebanon's sovereign bond market, and announced a campaign to compel legitimate financial institutions into divesting from Lebanon's bond market.
The possibility of divesting should be held out to the banks,'' Cooper said.
We applaud Erste-Sparinvest for quickly divesting from Lebanese bonds.
Divesting the bus operation can hardly change these factors if the bus operation covers the same area with the same level of service.
As we move forward with our Strategic Business Evolution, which includes divesting non-strategic operations and reinvesting in our key business segments and leadership brands, the new credit facility will further help to position Myers Industries for sustainable, profitable growth.
The sale is consistent with Zila's strategy of focusing its business on cancer detection technologies and divesting its non-core assets.
By divesting these non-strategic properties, our Canadian team can now focus all of their efforts on increasing the value of our remaining core areas.
Louis hospitals are among 27 hospitals Tenet announced it was divesting on Jan.