The Not So Calm Before The Storm

All hell will break loose when deregulation hits. For now, business is strong

The telecommunications industry is setting off on a great adventure in 1996: The forces of competition are being unleashed in all parts of the business for the first time. However, most of the year will be a profit-boosting calm before the storm--"the last good year before competition starts in earnest," says Simon W. Flannery, an analyst at J.P. Morgan Securities Inc. "The cable companies rolling out telephones, the Bells getting into cable, PCS [wireless] systems being switched on--all the things we're just guessing at at the moment will start coming into focus in '96."

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