Under the prior more monopolistic policy (pre-Telecom Act of 1996) one of the carrots to retaining monopoly status in an area was that you must serve everyone in that region.
That did go away post-Telecom Act of 1996. I think the concern is that if you disallow cherry-picking than private investment will be far less. Thus you either end up with fewer areas served by new carriers/services or with far more government subsidies offered to encourage it.
I'm not saying you're wrong. But it's a tough judgment call. And one that, in the end, may simply result in six of one and a half dozen of the other. :)
-jr
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