The Deregulation of the Telecommunications Industry

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The Deregulation of the Telecommunications Industry

The Deregulation of the Telecommunications Industry

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Telecommunication industry is one of the most important industries in any nation. Telecommunication industry keeps the public informed, educated, and entertained. Apart from enabling government-public communication, it also enabled public-public communication. The telecommunication industry has played a crucial role in the current wave of globalization which began in the second half of the 20th century. The industry has opened every corner of the globe to the scrutiny of they world through timely relaying of news regarding what is happening. In the United States, telecommunication industry is important as it connects the county to the rest of the world and also supports the growth and other industries as well. For a long time, the telecommunication industry in the United States was monopolized under the management of Federal Communication Commission. However, over the years there has been a great shift in the industry as a number of acts like Federal Telecommunication Act 1996 deregulated the industry opening up competition.  Deregulation has had different effects in the industry as it has transformed monopolies into some of the highly competitive suppliers of communications, although there is call for more deregulation. It has also led to increase in the number of players in the sector which has helped to raise the standard of services.