Share this story
Close X
Switch to Desktop Site

Overhaul of AT&T begins as judge dismisses suit

The process of dismantling of the American Telephone & Telegraph Company is under way - a move that will reshape the United States' communications network and telephone service.

US District Judge Harold Greene formally dismissed the government's antimonopoly suit against AT&T after changes were made in a settlement between the two sides. The decision means that the spinoff of 22 local phone companies (two-thirds of AT&T's assets) can go ahead. AT&T has six months to submit plans for the divestiture in exchange for the Justice Department's dropping the suit.

About these ads

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.