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The monopoly position of the Bell System in the U.S. was ended on January 8, 1982. AT&T Corporation proposed by in a consent decree to relinquish control of the Bell Operating Companies, which had provided local telephone service in the United States. [1]
United States v. AT&T, 552 F.Supp. 131 (1982), was a ruling of the United States District Court for the District of Columbia, [1] that led to the 1984 Bell System divestiture, and the breakup of the old AT&T natural monopoly into seven regional Bell operating companies and a much smaller new version of AT&T.
The terms required the breakup of the Bell System, including removing local telephone service from AT&T control and placing business restrictions on the divested local telephone companies in exchange for removing other longstanding restrictions on what businesses AT&T could own and manage. [1]: 125
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The Bell System was a system of telecommunication companies, led by the Bell Telephone Company and later by the American Telephone and Telegraph Company (AT&T), that dominated the telephone services industry in North America for over 100 years from its creation in 1877 until its antitrust breakup in 1983.
The telephone played a major communications role in American history from the 1876 publication of its first patent by Alexander Graham Bell onward. In the 20th century the American Telephone and Telegraph Company (AT&T) dominated the telecommunication market as the at times largest company in the world, until it was broken up in 1982 and replaced by a system of competitors.
Cincinnati Bell was the last RBOC to hold the "Bell" name, but it rebranded as Altafiber in March of 2022. Additionally, Bell Canada, the former Bell Telephone Company of Canada (founded in 1880) and which started separating from the Bell System in 1956, and completely by 1975, continues to use the "Bell" trademarks, which it owns outright in ...
For 1923, the oil giant recorded sales of $20.3 million on 14.4 million barrels of crude oil (and a small amount of refined product), with a whopping $6.1 million in net income -- both ...