The RBOCs had recently gone through divestiture from AT&T in 1984 and were looking at their future without Bell Labs .
Two entrepreneurs had approached the VCs with a business opportunity with the Regional Bell Operating Companies ( RBOC ) .
The RBOC had recently gone through divestiture from AT&T in 1984 and were looking at Regional Bell Operating Companies ' future without Bell Labs .
Two entrepreneurs had approached the VCs with a business opportunity with the Regional Bell Operating Companies ( RBOC ) .