The plan also consists of several other cost-savings measures, including selling machinery and equipment, terminating facility
and machinery lease agreements as well as cutting external services, the company added.
With the breakup of the Bell System, the local-exchange carriers--the BOCs--now provide the local service that connects a customer's premises to an interLATA carrier terminating facility
. AT&T refers to its facilities as central offices, while some other carriers label theirs as "points of presence" (POPs).