March 15th, 2002
An Industry Takes A Giant Step Backwards
It´s clear and evident that the Telecom Act of 1996 was a huge failure on the part of Congress and the Clinton administration, no matter how you measure it. Pre-1996 there were seven regional bell operating companies (RBOCs), now there are five. There was supposed to be more competition, not less. US telecom spending in 2002 is nearing 1995´s $40B spend, down from a high of $136B in 2000.