SCOTUS rules against AT&T on LEC access/pricin

schwit1 writes: Established local telephone companies including AT&T Inc. (T) must share disputed parts of their networks with competitors at cost, the U.S. Supreme Court ruled.

The unanimous ruling backs the position taken by the Federal Communications Commission in a fight stemming from the 1996 law that injected competition into the local telephone business. The law requires so-called incumbent local carriers, whose ranks also include Verizon Communications Inc. (VZ) and CenturyLink Inc. (CTL), to share their facilities with rivals.