Economic Implications Of The Fccs Une Decision
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Author | : Jeffrey A. Eisenach |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
On February 20, 2003, the Federal Communications Commission (FCC) voted to approve new "unbundled network element" (UNE) rules modifying the terms under which incumbent telephone companies must resell their network facilities to competitors. The previous UNE rules were widely criticized - and indeed, had been invalidated by the courts - for being too broad and requiring that facilities be made available at rates far below cost, even in the absence of evidence they were necessary for competitive entry. The FCC's February 2003 decision modified the prior rules by giving the states authority to forbear from enforcing the "UNE platform" or "UNE-P" rules, and were seen as a defeat for those who had argued for doing away with the rules altogether. In this study, we examine the impact of the FCC's decision on the two telecommunications industry sectors most directly affected by the FCC's decision, the Regional Bell Operating Companies (RBOCs) and the competitive local exchange carriers that rely on the UNE platform (UNE-P CLECs). We also examine the impact of the decision on facilities-based CLECs and telecom equipment makers. We find that the FCC decision had a significant negative impact on RBOC market capitalization, reducing their going-forward value by approximately $19 billion compared to what it would have been had the FCC repealed the UNE-P rules. By impairing access to capital needed for investment in telecommunications infrastructure, the decision will likely slow deployment of advanced broadband telecommunications services, impede growth in the information technology sector, and result in a less robust economic recovery than would otherwise have occurred.
Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit |
Publisher | : |
Total Pages | : 232 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Consumer Protection |
Publisher | : |
Total Pages | : 108 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs |
Publisher | : |
Total Pages | : 224 |
Release | : 2015 |
Genre | : |
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Author | : United States. Federal Communications Commission |
Publisher | : |
Total Pages | : 838 |
Release | : 2017 |
Genre | : Telecommunication |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 496 |
Release | : 2008 |
Genre | : Computers |
ISBN | : |
Author | : James J. Alleman |
Publisher | : Springer Science & Business Media |
Total Pages | : 274 |
Release | : 2007-08-19 |
Genre | : Business & Economics |
ISBN | : 0585333149 |
Randall B, Lowe Piper & Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT&T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con cerns centered generally on whether local rates, irrespective of costs, were at a po litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of "continuous surveillance" where, like the state regulator, the appearance of rea sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.
Author | : United States. Congress |
Publisher | : |
Total Pages | : 1130 |
Release | : 1961 |
Genre | : Law |
ISBN | : |
Author | : Pennsylvania Public Utility Commission |
Publisher | : |
Total Pages | : 632 |
Release | : 2005 |
Genre | : Public utilities |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 1870 |
Release | : 1975 |
Genre | : Delegated legislation |
ISBN | : |