local telephone competition

Local telephone competition occurs when multiple service providers offer phone services within the same geographic area, rather than having a single dominant company monopolize the market. This encourages providers to improve service quality, pricing, and customer choices, benefiting consumers. It often results from regulations that allow new entrants to compete with established incumbents, fostering innovation and price competition. Essentially, local telephone competition means multiple companies can offer phone services locally, giving consumers more options and potentially better prices.