Term: Divestiture
Term: Divestiture
In 1984 as a result of the antitrust trial against AT&T as a telecommunication monopoly the US Justice Department ordered that AT& be split. This resulted in the Long Distance Carrier AT&T and seven Regional Bell Operating Companies (termed RBOCs). This is known as the Divestiture of AT&T. Today the Long Distance AT&T of 1984 no longer exists having merged with SBC (with came about via mergers of several of the RBOCs) in 2006. SBC took the name AT&T.
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by Steven G. Atkinson or take a short side trip to visit our advertisers.
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