CHAPTER 2

Competition and Regulation—A Continuing Telecommunications Cycle

“To make available, so far as possible, to all the people of the United States a rapid, efficient, Nation-wide, and world-wide wire and radio communication service with adequate facilities at reasonable charges …”

Stated goal of the Communications Act of 19341

THE GOAL FOR U.S. COMMUNICATIONS HAS NOT CHANGED SINCE 1934 and continues to guide U.S. telecommunications policy today. However, the means to accomplish that goal have moved from competition to regulation and now back to competition again. With the recent mergers and acquisitions in the telecommunications industry, the communications service providers seem to be regrouping into a few very large companies with ...

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