Title: AT&T and the Department of Justice agree on tentative terms for settlement of anti-trust

Year: 1982.0

Area: None

Points: None

Image:

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AT&T

Assistant Attorney General William Baxter and AT&T Chairman and CEO Charles L. Brown shake hands after announcing the agreement to break up the Bell System in settlement of an anti-trust suit

http://www.corp.att.com/history/milestone_1982.html

Description: In 1982, AT&T and the Department of Justice agree on tentative terms for settlement of anti-trust suit filed against the company in 1974. AT&T agrees to divest itself of its local telephone operations. In return, the Department of Justice agrees to lift the restrictions on AT&T activities contained in the 1956 Consent Decree. The agreement, once accepted by the court, becomes known as the Modification of Final Judgement.

Related Building: AT&T Headquarters