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State legislators on Tuesday shelved a proposal to overhaul Colorado’s telecom laws.

The Senate Committee on Business, Labor and Technology voted 6-0 to indefinitely postpone Senate Bill 262. Among other things, the bill would have paved the way for the elimination of rate regulation over basic phone service in Colorado.

The measure also proposed to phase out a subsidy that reimburses carriers for providing phone service in remote areas where costs may exceed revenue. It was billed as the first major rewrite of the state’s telecom laws since the 1980s.

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