(Chicago Tribune) — Telephone companies operating in Illinois will face fewer regulations, and consumers could face higher prices under a measure Gov. Pat Quinn signed into law Tuesday, a move supporters said will encourage investment in broadband and wireless technologies.
Under the new law, companies offering local phone service can change service packages and pricing plans without approval from the Illinois Commerce Commission. Supporters said the outdated regulations, last revamped in 2001, were not doing enough to create competition and profits that will entice companies to expand service and create new jobs.
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