What was one outcome of deregulating the telecommunications industry in the 1990s?

One significant outcome of deregulating the telecommunications industry in the 1990s was the decrease in costs for consumers. Deregulation allowed for increased competition among telecom providers. As new companies entered the market and existing ones were encouraged to innovate and improve services, consumers benefited from a wider variety of options and pricing structures. This competitive environment led to price reductions and more affordable services as companies sought to attract customers by offering better deals.

With the entry of new players into the market, consumers had greater choices, allowing them to select services that best met their needs at prices that were often lower than previous monopolistic or heavily-regulated market conditions. This change fostered advancements in technology and service offerings, further benefiting consumers through innovations such as mobile services and broadband accessibility, which became more widespread and economical as a result.