The telecommunications industry is changing so fundamentally as to eliminate structures that define firms, markets, and industries as they have existed over the last fifty years. Technology has been the source, while regulated industry practice the reactive force, that have determined the rate of elimination of boundaries between telephone and broadcasting, between local and long distance service in both these areas, and between origination and transmission of data, voice, and video signals. Regulators and regulated telecommunications firms, however, have often resisted these changes.
Paul W. MacAvoy,
Telecommunications in Transition,
Yale J. on Reg.
Available at: http://digitalcommons.law.yale.edu/yjreg/vol11/iss1/5