Suddenly, what looked like such a promising business became a money pit. In the blink of an eye, investors lost confidence. CLEC networks were producing revenue but no profits. Companies couldn’t afford to pay the interest on their notes. Pundits were saying that management didn’t know what it was doing. Worse, it looked as if the industry was falling apart. Was it all managements’ fault?
CLEC begins with the industry’s history and the part that Congress played in legislating competition. It then looks at the role that the investment community played by funding all sorts of business plans. Finally, it details the inside operations of CLEC companies as they struggled first to build their networks, then to operate them and finally their struggle to survive in order to answer the question of whether competition in telecommunications is going to be able to survive.
