California regulators lifted most price controls for landline phone companies on Thursday, saying competition with wireless, Internet and cable phone providers will keep rates in check. The 5-0 vote by the California Public Utilities Commission allows phone companies to change their rates without regulatory approval, eliminating restrictions in place since the 1980s. Some consumer groups objected, arguing the decision allows phone companies to hike prices on poorer customers who have few other choices.
August 28, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
California regulators lifted most price controls for landline phone companies on Thursday, saying competition with wireless, Internet and cable phone providers will keep rates in check.
The 5-0 vote by the California Public Utilities Commission allows phone companies to change their rates without regulatory approval, eliminating restrictions in place since the 1980s.
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