The telecommunications industry is an integral part of the California economy, providing jobs, tax revenues, and a vital service for every business in the state. With the largest consumer market in the nation, an entrepreneurial spirit, and home to the famous Silicon Valley, California should be a unique place for continued growth and innovation in telecommunications. But the state’s decades-old regulatory system however, has failed to keep up with the corporate and consumer trends of the Information Age, and is no longer capable of appropriately managing this dynamic industry.