Telecom: The Feds Have Another Tough Call To Make

The Baby Bells howled in early August when the Federal Communications Commission set down strict rules specifying exactly how the regional phone companies must open their local monopolies to long-distance rivals. But the wailing has just begun. A bigger fight is brewing over an even thornier issue in the Telecommunications Act of 1996: overhauling the subsidies that keep consumer phone rates low.

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