Divestiture

(redirected from divestment)
Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.

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 ?
It said Khazanah assessed all opportunities for divestment against set financial and strategic targets.
More than 1,070 institutions in more than 30 countries, with total assets of about $8.8 trillion, have divested themselves of fossil fuel shares since a divestment campaign began about nine years ago, according to the website gofossilfree.org.
Under this divestment, for payment of share-based rewards from share owner programmes (MRS, matching restricted shares) a total of 11,802 Aktia shares were divested to four key persons.
The meeting was informed that in 2014, the government divested 19.6 percent shares of UBL and earned revenue of Rs 38.224 billion whereas through divestment of 70 million shares of PPL, and 131 million shares of ABL, it earned around Rs 30 billion in the same year.
Straight divestment. What is not popularly known is a decision of the COA rendered in 2009 (No.
According to aviation consulting firm CAPA India, it is critical for the central government to amend the labour and debt conditions for the divestment process to succeed.
Caritas International, three Catholic banks in Germany with balance sheets of over $7.5 billion, and several Catholic dioceses have announced their divestment from fossil fuels.
To date, hundreds of institutions, ranging from philanthropic foundations to public pension funds, representing nearly $5.5 trillion in assets, have committed to some degree of divestment from fossil fuels.
M2 PHARMA-August 29, 2017-Moberg Pharma announces completion of USD6.7m divestment of Fiber Choice
The Centre allowed to take decision for divestment through Exchange Traded Fund (ETF) out of all the listed CPSEs including CPSEs listed subsequently subject to GoI retaining 51percent in these CPSEs.
In addition to divestment commitments made, student groups on five Jesuit college campuses in the U.S.