MORRIS SHEPPARD ARNOLD, Circuit Judge.
I.
In the early 1980s, following the breakup of AT & T, the Federal Communications Commission required local telephone companies, or local exchange carriers ("LECs"), to provide long-distance companies, also called interexchange carriers ("IXCs"), with access to local exchange facilities at a regulated and approved rate. Interexchange service generally originates with LEC facilities through which the sending party...
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