MANCHESTER, N.H., June 14, 2012 /PRNewswire/ -- Governor John Lynch has signed legislation that creates a level regulatory playing field for all telecommunications providers in the state in order to promote an environment that encourages innovation and continued investment in telecommunications services.
"Today's communications landscape offers consumers more choice of providers and services than at any other time in history," said Sen. Bob Odell (R- Lempster), the bill's prime sponsor. "This new law recognizes that the telecommunications industry has changed. The New Hampshire telecommunications industry is no longer a monopoly environment, but rather a competitive environment with more than 30 providers. The law reflects this transformation, so that we can encourage ongoing private investment in the state's telecommunications infrastructure."
The legislation modernizes the regulation of telecommunications services, while continuing to provide the necessary protections to New Hampshire consumers. It offers telecommunications providers relief from monopoly-era retail regulation, freeing them to compete more effectively and confirms that Voice over Internet Protocol (VoIP) services and IP-enabled services are not subject to regulation. It also preserves incumbent local exchange carrier obligations to serve as the carrier of last resort and ensures that all residents have an affordable basic service option for phone service.
"The legislation puts in place much needed regulatory reform reflecting today's competitive realities," said Pat McHugh, FairPoint's New Hampshire state president. "The current regulatory system, which was created 100 years ago, has become completely outdated because of changes in the telecommunications marketplace. The law is a good step forward, which ensures a level playing field for all telecommunication providers, fosters continued competition and ensures a free market for telecommunication services."McHugh said that the new law provides regulatory freedom for all retail products and services, and allows FairPoint flexibility to quickly adjust its pricing to respond to changes in the marketplace. Also, it removes long-standing regulatory burdens – which included financial penalties – that are no longer necessary in this highly competitive environment.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV