EASTERBROOK, Chief Judge.
The Telecommunications Act of 1996 directs established local phone companies— successors to the Bell Operating Companies that were subsidiaries of AT & T before its breakup in 1983—to lease parts of their networks to rivals on an à la carte basis. 47 U.S.C. § 251(c)(3). Particular circuits or services, called unbundled network elements, must be furnished at a price, and under conditions, specified by the Federal...
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