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Unbundled Network Element-Platform
Unbundled Network Element-Platform definition - finance
A type of phone service, created by the
Telecommunications Act of 1996, in which phone service providers use the local
switching and transmission platform of the Bell networks. The former regional
Bell operating companies were forced to allow competitors to use the Bell
network to increase competition. UNE-P lets emerging telecom providers offer
services without owning or building their own network infrastructure or making
large capital investments. Regulatory battles over UNE-P service and fees are
common between the former Bells and new competitors. The former Bell companies
donÂ’t want to share their networks because doing so directly takes away from
profits. Tele-communications is a high-margin business, and profit margins are
reduced because much of the BellÂ’s costs are largely fixed.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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