AT&T Agrees to Be Broken Up as Part of an Antitrust Settlement
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Communications
- Curriculum: American History 1951-present
- Geographical Location: Washington, D.C.
- Date: January 8, 1982
Article abstract: An agreement between AT&T and the federal government brought competition to long distance telecommunications and freed AT&T from government regulations concerning its expansion into new areas of business.
Summary of Event
On November 20, 1974, the U.S. Department of Justice filed suit against the American Telephone and Telegraph Company (AT&T), alleging that it had monopolized and attempted to monopolize various telecommunications markets. The suit asked that Western Electric, AT&T’s manufacturing arm, be divested,...
[The entire page is 2120 words long]
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