Institutional Affiliation: American Enterprise Institute
|Telecommunications Regulation: Current Approaches with the End in Sight|
in Economic Regulation and Its Reform: What Have We Learned?, Nancy L. Rose, editor
The regulatory restructuring of telecommunications markets, beginning with the breakup of AT&T in 1984 and extending to telecommunications markets worldwide, has transformed the telecommunications industry. The rise of cellular ("mobile") telecommunications over the past twenty-five years has achieved penetration rates in excess of 80 percent in most industrialized countries, and for many consumers now replaces, rather than supplements, landline service. The spread of competing fiber networks operated by cable companies that offer voice service and broadband service in addition to pay TV has further transformed the competitive telecommunications environment in the US, and has the potential to do so in many other countries. This transition is greatly influenced by regulatory policy on ma...