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.
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References in periodicals archive ?
Bhushan, is one of the petitioners for the Common Cause NGO, which has challenged the order sending the CBI director on leave and divesting him of all powers.
Divesting the brand enables the company to focus resources on its larger and more profitable brands.
Divesting stores to established players would enable WBA to get better prices but could force the company to give up more attractive locations and create more competition, he pointed out.
By divesting from these companies, we can effectively delegitimize them.
21, at the time of Climate Week in New York, the number of divesting companies hit 400, with their total assets reaching $2.6 trillion.
Regulators themselves had to impose a formal provision requiring the divesting companies to provide the acquirer with a cost-competitive provider network, the AHA says.
While Clark is proud of its researchers' contributions to address climate change, it has not decided what to do about divesting its endowment of fossil fuel stocks.
Rockefeller, co-founder of Standard Oil Co., is leading 800 global investors, 67 of which are foundations, in divesting approximately $50 billion in fossil fuel investments.
Citadel Capital is divesting non-core assets to focus on five core industries: energy, transportation, agrifoods, mining and cement across a footprint that concentrates on Egypt, North Africa and East Africa.
Most published researches on divestitures attempted to determine whether divesting companies perform better than their non-divesting counterparts.
Summary: Muscat: Oman International Development and Investment Company (Ominvest) is looking at divesting a part of ...