The FCC recently released a Further Notice of Proposed Rulemaking (“FNPRM”) soliciting comments on three related proposals for the reform of the Intercarrier Compensation and the Universal Service Fund (“USF”) regulatory regime. These three proposals, released on November 4, 2008 after consideration of Intercarrier Compensation reform was yanked from the Commission’s November meeting agenda, represent a dramatic overhaul of the current telecommunications regime.
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