Vote out the scumbags at the state capitol that passed such a law
This is a very complex issue and has very little to do with the topics you're probably concerned with.
I'll burn up even more Karma educating the ill-informed.
Back when Telephones were a new thing, the government wanted to push their expansion to everyone in the country. It was seen in the same light that we see the internet today. A huge economic boost that would be the most beneficial in rural areas.
First the government just mandated "If you serve here you have to serve rural areas!!!" That went over like a lead balloon. Businesses just refused to install anything. The problem is that one company would come in and do what the government wanted, install service in the profitable city centers, then raise prices for those people to offset the costs of servicing rural customers who are extremely unprofitable to serve. But, rural customers having telephone service is, in the long run, more profitable for society as a whole. But then a competitor would come in and install only for the profitable business centers and drag their feet on installing the rural customers. Able to offer the business parks a cheaper rate, they'd drive the first company out.
So an agreement was struck. The local municipality would sell the telephone company a "franchise" or whatever the term in your local area is. Often this is called a "Monopoly" by the ill informed, but it's anything but that. This agreement comes with heavy burdens for the telephone company. They agree to provide service to everyone, at the same price. (differences exist for commercial and residential) They can not charge you more based on where you live. They also agree to provide service for a period of time, and they cannot abandon this obligation without approval from the municipality. In return, they retain exclusive rights to provide twisted pair copper service in that area.
They do have competitors... LOTS of competitors. Your local cable company, other phone companies, wifi providers, and on and on. It may seem as if there is a monopoly because where you live there is only one option.
Here's the key point to all of this: If you only have one option for a phone company that's because it's unprofitable to serve the area you live in. The only reason you have a phone company option at all, is because they are forced by that franchise agreement to serve you. If the Monopoly you're complaining about did not exist, you would have no phone service at all. None. There are hundreds of phone companies in this country, if it were profitable to provide you service, you'd have a lot of options. Go to any telephone company website, find their get a quote section and put in an address for the local buisness park around you. You'll have dozens of options for service. Alternatively, the easiest way to see where its profitable to provide service is to simply look at your local cable companies footprint. Cable companies are not under the franchise obligations. They only serve areas that are profitable. That footprint is very tightly held within the profitable part of town. Outside that the phone company is losing money.
Now, recently, some municipalities have tried to start their own fiber services. The fact that they are leaving out in these projects is where they are targeted. I've seen dozens of them (I work for a telco) and in every single case the local town is trying to instal Fiber to a local business park to attract new business. A noble idea, but the fact of the matter is, that business park in almost every case is the only profitable part of the entire town. (most towns that try this are relatively small) The park is paying for everyone elses phone service! If they suddenly had virtually free fiber service, the town suddenly becomes a huge expense to the telco. They'll refuse to sign the next franchise agreement and the town will be stuck with maintaining the infrastructure themselves.
If you support this sort of thing you have to realize that what you're supporting is lower prices for businesses, poorer service for everyone else and probably a lot of rural service loosing standard pots service and internet all together.