Mergers And Competition In The Telecommunications Industry PDF Download

Excerpt from Mergers and Competition in the Telecommunications Industry: Hearing Before the Committee on the Judiciary, United States Senate, One Hundred Fourth Congress, Second Session September 11, 1996 The committee met, pursuant to notice, at 2:08 p.m., in room SD - G50, Dirksen Senate Office Building, Hon. Orrin G. Hatch (chairman of the committee), presiding. Also present: Senators Thurmond, Simpson, Grassley, Leahy, and Feingold. Opening Statement of Hon. Orrin G. Hatch, a U.S. Senator From the State of Utah The Chairman. Good afternoon. I would like to thank our distinguished panelists for joining us today for what I believe to be an illuminating and lively discussion and examination of recent developments in the telecommunications industry. Telecommunications are a very basic, vital element of our daily lives, and at the same time represent one of the most dynamic and exciting arenas of American business today. From its very earliest days, telecommunications technology has literally revolutionized the way we lead our lives and conduct our business. Imagine how different our lives would be were we unable to telephone our families or fax documents to business associates. At the same time, we are today on the threshold, if not in the midst of what can truly be considered a revolution in the telecommunications industry. Moreover, this pace of technological change is matched by a breathtaking transformation in the competitive landscape of the telecommunications industry. In the wake of the Telecommunications Act of 1996, which promises to unleash previously constrained competitive forces in the telecommunications field, new joint ventures, mergers, and other business combinations which are working to reshape the whole telecommunications industry. Perhaps the most noteworthy of the developments since the passage of the Telecommunications Act is the emergence of mergers between Bell Atlantic and NYNEX, SBC and Pacific Telesis, and WorldCom and MFS. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.