In This Issue:

•What Principles Apply?

•The Traditional “Social Compact” in Telecommunications

•Does IP Technology Change the Analysis?

•The Issues and Local Governments

Principles for Local Governments in IP World;

• Consumer protection

..Protection Against Market Abuses

..Minimal Externalities injuring third parties

..Monopoly power—unfair prices; unfair availability of services

..Quality of Life of Community

• Economic Development

..Fair opportunity to participate

..Efficient use of community resources

..Promote innovation

..“Servicer of last resort”