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hello 5. In 1983 the Bell Telephone System was broken up resulting in the creation of seven...

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5. In 1983 the Bell Telephone System was broken up resulting inthe creation of seven regional telephone companies. The "BabyBells," as they were called, were freed from many of the regulatoryconstraints under which the Bell System operated, and at the sametime had a great deal of money. The managements of these younggiants were determined to be more than the staid old-line telephonecompanies they'd been in the past. They were quite vocal indeclaring their intentions to undertake ventures in any number ofnew fields, despite the fact that virtually all of their experiencewas in the regulated environment of the old telephone system. Manystockholders were alarmed and concerned by these statements.Comment on what their concerns may have been.

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4.5 Ratings (943 Votes)
The Bell System operated in a regulated environment but in a near monopoly situation The firm didnt have any competition Entire consumer base belonged to the company and revenue sources were nearly guaranteed Of course    See Answer
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