The $45 Billion Market Where Businesses May Welcome Regulation
- FCC seen voting to lower prices for business-data services
- Corporations overcharged $75 billion in past five years alone
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A $45 billion market is facing its biggest regulatory threat yet -- a measure that could dramatically cut the phone bills of businesses across the country.
The U.S. Federal Communications Commission could vote before year’s end to lower rates for business-data services, or BDS as they’re known. Offices, retailers, manufacturers, hospitals, schools and universities need these dedicated network connections to transport massive amounts of data from one point to another. Average consumers even use them every time they withdraw cash from an ATM or swipe their credit card at a store.