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No more price controls for telecom providers like Verizon and AT&T. The California Public Utilities Commission voted 5-0 to deregulate basic phone service after 18 years because the PUC concluded that Internet, wireless and cable can maintain competitive pricing. The phone companies will now be able to raise prices for services like caller ID with only a 30-day notice. Needless to say, consumer groups are not happy, though many acknowledge that the competitive landscape has changed a lot.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.