EASTERBROOK, Circuit Judge.
The Telecommunications Act of 1996 requires incumbent local exchange carriers — the "Baby Bell" descendants of American Telephone & Telegraph, spun off in 1982 as part of the divestiture that ended the national telephone monopoly—to provide "unbundled" services to new entrants. One of history's ironies is that AT&T itself, reduced to a long-distance carrier by the 1982 decree, has become one of the principal new entrants...
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