Have you ever stopped to think about how the breakup of AT&T revolutionized the information and communications technology (ICT) market? Most people probably haven’t, but in 1984, the end of the regulated monopoly ushered in an era of unprecedented competition and innovation. For those who are not familiar, AT&T broke up in 1984 after it decided to end a long, drawn-out lawsuit brought on by the U.S. Department of Justice because the company was considered a monopoly. AT&T had two options. It could spin off its 22 local operating companies into seven Bell holding companies, and maintain control of their...
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