The Telecommunications Act of 1996

The Telecommunications Act of 1996 was a significant reform of U.S. telecommunications law aimed at promoting competition and deregulating the industry. It allowed for more market entry by different companies in phone, cable, and satellite services, intending to enhance consumer choice and lower prices. The law also aimed to address emerging technologies and the internet's growing role. Key provisions included deregulating local phone markets and facilitating the merger and acquisition of telecommunications companies, which transformed the industry landscape and paved the way for innovations in communication services.