10/11/2023 0 Comments At&t’s monopoly over long-distance![]() ![]() JUSTICE DEPARTMENT allowed AT&T to settle a lawsuit alleging antitrust violations because of its monopolistic holdings. ![]() Smaller companies seeking a part of the long-distance telephone market challenged AT&T's MONOPOLY in the 1970s. The company owned virtually all telephones, equipment, and long-distance and local wires for personal and business service in the national telephone system. The invention of the telephone in the late nineteenth century led to the creation of the American Telephone and Telegraph Company (AT&T).
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