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Tuesday, November 24, 
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This date in deal history: DOJ sought the breakup of Ma Bell

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Nov. 20, 1974: The U.S. Department of Justice files suit alleging that AT&T had engaged in anticompetitive conduct and seeks to break up the company. What ensued was a legal battle of epic proportions.

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Nonetheless, the company was saddled with an unsympathetic judge and in 1984 agreed to break itself up into bite-sized pieces. As it happened, however, these morsels proved too appetizing, even to each other. A cannibalistic feeding frenzy erupted and the number of telecom providers was quickly reduced.

Two of those companies — Verizon and a reconstituted AT&T — are today so big and powerful that if they were countries they’d have snooty waiters who would be rude to American tourists. — Jeffrey Kanige





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