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v Contents FOREWORD vii 1 TELECOMMUNICATIONS POLICY IN NORTH AMERICA AND EUROPE 1 Martin Cave and Robert W. Crandall 2 TELECOMMUNICATIONS POLICY REFORM IN THE UNITED STATES AND CANADA 8 Robert W. Crandall and Thomas W. Hazlett Background 9 The U.S. Telecommunications Act of 1996 11 Long-Distance Competition in the United States and Canada 13 Local-Exchange Competition in the United States and Canada 20 The Wireless Sector—Competition without Regulation 30 The Political Consensus behind the U.S. Telecommunications Act 33 Conclusions 37 3 THE LIBERALIZATION OF EUROPEAN TELECOMMUNICATIONS 39 Martin Cave and Luigi Prosperetti The EU Telecommunications Regulatory Package 40 Implementation of the Package in Relation to Fixed-Line Services 45 vi Implementation of the Package in Mobile Services 60 Looking Ahead: The 1999 Communications Review 63 Looking Ahead: Crucial Issues 67 Conclusions 73 NOTES 79 REFERENCES 85 ABOUT THE AUTHORS 89 vi CONTENTS ...

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