divestiture

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divestiture

n. the court ordered or voluntary giving up of a possession or right, which is a common result in an anti-trust action to prevent monopoly or other restraint of trade.

See: abridgment, garnishment
References in periodicals archive ?
In mid-2004, MCI announced its next-generation, local-to-national Ethernet capabilities which are available today, including U.
Combined, MCI Worldcom-Sprint would still be smaller in terms of revenue than AT&T.
Sources indicated that Judge Wilk also decided two landlord motions, to vacate stays of MCI increases based on the Ansonia decision, on July 8.
By using the quantitative scores from the program as one measure to determine bonus allocation for employees, MCI has shown a true dedication to customer experience as well as a keen understanding as to the importance of measuring and acting on customer feedback.
As if Worldcom's bold bid for MCI weren't enough, the company also announced Wednesday that it has also agreed to buy Brooks Fiber Properties for $2.
British Telecom and MCI announced the merger in November.
AT&T and MCI for high-capacity circuits (including DS-1s and DS-3s) used to provide business services, and includes both on-net and off-net rates for AT&T and MCI.
In May 1995, MCI agreed to invest $2 billion in Rupert Murdoch's News Corp.
MCI announced at the end of January a relationship with Microsoft Corp.
MCI Advantage is one of the first nationwide feature-rich IP telephony solutions, allowing businesses to consolidate local, long distance and data services over a single network.
We believe that CPA technology is a winning strategy for MCI and customers like the Chicago Mercantile Exchange," said Fred Briggs, president of Operations and Technology for MCI.
14 was the potential for the acquisition price for MCI to rise due to other bids.