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 divestment, APICORP's first ever, was approved by APICORP's Board of Directors at its fourth and final Board of Directors meeting for 2010 held in Cairo on 26 December.
In addition to its campaign for divestment, Jewish World Watch also has built two medical clinics and 25 water wells in Darfur.
Jewish leaders in Canada and around the world have condemned calls for divestment as "one-sided" and harmful to the Middle East peace process.
Between 1977 and late 1984, divestment legislation had been passed at the state or local level in 16 states and the District of Columbia, and campaigns were on in several others.
Students and national antiapartheid activists have, for the most part, attributed the quieting of divestment activism to the media blackout imposed by the South African government.
SCA completed two major company deals in 2012 - the acquisition of Georgia-Pacific's European tissue operations and the divestment of our packaging operations, excluding the two kraftliner mills in Sweden.
The divestment is in-line with Keppel Land's strategy to continually recycle assets to seek higher returns and rebalance our portfolio to focus on selected high-growth cities where we have an established track record and strong teams.
Finance Minister Ishaq Dar while chairing a briefing session by the Privatization Commission which outlined the future programme of privatization of key public entities directed the PC to reconvene in a few days for further deliberations on divestment of Discos and HBL.
Divestment of pension funds from fossil-fuel industries is the right thing for pensioners because it protects our pension funds from the carbon bubble.
The 310-303 vote of the church's General Assembly in Detroit marks a victory for divestment supporters both within and without the 1.
Global Banking News-June 28, 2012--Bank of Ireland says it has achieved divestment target(C)2012 ENPublishing - http://www.
31 January 2012 - US healthcare staffing solutions provider AMN Healthcare Services Inc (NYSE:AHS) said it had closed the divestment of its home healthcare activities to Bayada Home Health Care for USD9.