AT&T Is Ordered to Reduce Charges
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Business, Communications
- Curriculum: American History 1951-present
- Geographical Location: Washington, D.C.
- Date: July 5, 1967
Article abstract: Suspicious accounting practices triggered an investigation of AT&T’s activities that resulted in a $120 million reduction in charges for long-distance services.
Summary of Event
After the Communications Act of 1934, the telephone communications market slowly evolved from a pure monopoly to a competitive oligopoly, in which a few carriers compete to provide long-distance and international telephone services. Under the Communications Act, a common (or main) carrier such as American Telephone & Telegraph (AT&T) and its...
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