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US: Week marks anniversary of telecom industry revolution

 |  January 8, 2014

This weeks marks the 32nd anniversary of an agreement inked between the US Department of Justice and then-monopoly AT&T, a deal that broke up the company and forever changed the telecommunications industry in the nation.

AT&T agreed to the DOJ’s demands to divest its 22 Bell System units. Until then, AT&T held its grip over the American telco industry; the DOJ’s crackdown, however, paved the way for the competitive landscape seen today.

At the time, the case was considered the most significant antitrust case since the 1911 breakup of Standard Oil.

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