Business Is Buzzing For Telecoms

EVER SINCE THE TELECOMmunications Act of 1996 was signed last February, telecom companies have been knocked about by the shifting tides of deregulation and new competition. But despite all the challenges facing the industry, business has never been better. The Telecommunications Industry Association (TIA), a trade group, says in its closely watched review of the market that equipment and services revenues last year grew 11% to $298 billion, duplicating 1995's growth rate. In 1994, the year before the bill passed, revenues grew only 9.7%. The TIA projects that double-digit growth should continue through 2000.

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