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Now, Verizon has released a statement calling for Congress to rewrite the country's "broken" telecom rules.
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WorldCom's Woes 07.01.02 Nearly $4 billion in fraudulent accounting is the straw that breaks the telecom camel's back.
Opening markets, breaking up telecoms monopolies and improving education are all far more important concerns.
Regulation in some industries, such as telecoms, is broken.
Investors remain obsessed with the travails of widely held AT&T, which is in the process of breaking up the telecom empire that Chairman C. Michael Armstrong C. Michael Armstrong just finished putting together.
"Tauzin-Dingell was all about telling the F.C.C. that the majority of house thought the Telecom Act was broken," said Scott Cleland, the chief executive of the Precursor Group, a communications research firm in Washington.
This was not a hands-off policy; AT&T's nationwide telecoms monopoly was broken up, and price-fixing arrangements were vigorously prosecuted.
Telefónica has bid $3.7 billion for the firm, topping Vivendi's earlier offer by 14%.Since Brazil's telecoms monopoly was broken up and privatised in 1998, the number of landlines has more than doubled from 17m to 41m.
America's telecom system is badly broken.
Did the telecoms break the law?
WHEN America's telecoms giant, AT&T, was broken up 15 years ago, many wise men were consulted about which was the most promising bit of the business to be in.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com