Submission + - SCOTUS rules against AT&T on LEC access/pricin (bloomberg.com)
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.
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.