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.
References in periodicals archive ?
have reached an agreement with the US Department of Justice that should enable the parties to complete Gray's acquisition of the broadcast stations owned by Schurz and to complete the related divestures previously announced by Gray, the companies said.
Following talks with the latter, Thermo Fisher does not expect that any more divestures will be needed to gain US approval for the deal.
Private Sector Participation in Infrastructure in Ghana has been mainly in the form of divestures and concentrated in the telecom sector.
In his new role in CNA Financial he will be responsible for corporate mergers, acquisitions and divestures. He will also be in charge of investor relations.
Sims' area of practice is the development and execution of Intellectual Property Strategies, preparation of technology related agreements, advising business units and leaders on how to maximize profits through the use of intellectual property, management of intellectual property aspects of acquisitions, divestures and joint ventures, international and U.S.
While we have completed some non-core divestures and reduced the non essential support infrastructure, we are preserving all of the strategic initiatives surrounding our core competencies as we believe they will drive significant growth."