Many believe that “as California goes, so goes the nation.” If such is the case, dark days await the nation’s telecom sector. The problem stems from the iron grip of regulators on telecom providers. The 1996 Telecom Act set out rules that were supposed to create more competition by mandating that the dominant carriers share their telephone networks with competitors at rates set by the government. After eight years, it was clear this scheme wasn’t working.
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California Keeps Iron Grip on Telecom
Posted by: Sonia Arrison August 20, 2004 06:00 AMMany believe that “as California goes, so goes the nation.” If such is the case, dark days await the nation’s telecom sector. The problem stems from the iron grip of regulators on telecom providers. The 1996 Telecom Act set out rules that were supposed to create more competition by mandating that the dominant carriers share their telephone networks with competitors at rates set by the government. After eight years, it was clear this scheme wasn’t working.