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Essay / Research Paper Abstract
This 6 page paper outlines the law and explores legislation prompted by its existence. Failures of the act's intent are noted and the focus is on the major portion of the law which attempts to deregulate the industry and inspire competition and lower prices. Also included is a portion on the Communications Decency Act which is part of the 1996 legislation. Bibliography lists 13 sources.
Page Count:
6 pages (~225 words per page)
File: D0_96act.rtf
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Unformatted sample text from the term paper:
decided to change the aura of his business by offering customers one stop shopping (1997). The company now known as WorldCom, which had changed its name from LDDS WorldCom, expanded
by offering long-distance voice and data services (1997). Worldcom made other changes as well; some involved the mergers and acquisitions game but the company has fared well despite the fact
that it had to think fast in the wake of new regulations. Not all companies were so lucky as to have an Ebbers at the helm. The 1996 act affected
a great many firms. Sometimes, when acts are implemented they do not cause a great stir. From all appearances, it does seem that this one did. The 1996 Telecommunications Act
prompted the United States to begin a new round of deregulation (Mark, 1998). The act itself is quite complex and contains a great deal of provisions; however, the main points
are that it opened up the $95 billion (1998) local telephone market to new competitors and also allowed regional Bell operating companies like Nynex, Bell Atlantic, and SBC, into the
$75 billion (1998) per year long-distance toll (LD) market in their respective areas (1998). The Act was signed into law on February 8, 1996, in a ceremony
which included President Clinton, and promised to unleash the forces of competition and deregulation, thus producing the tangible customer benefit of low prices (McCain, 1998). However, such an effect never
materialized. Further, the Telecommunications Act had invited a new era of joint ventures, alliances, and mergers (Mark, 1998). While mergers and acquisitions are popular in any field in the nineties,
this act prompted a slew of them in the telecommunications industry. The intent of the Act was also to allow consumers greater choice (1998). While the law seems innocuous from
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