Mainstream politicians and lobbyists will passionately argue for both of these courses, on the grounds that it will get big, bad government off business's back and encourage competition, and yet they will fail to point out that those businesses themselves have made an art-form out of restricting competition.
Yeah, but what do you do otherwise? Regulate them forever? Times change; just because they were a monopolist in 1980 doesn't mean they would do the same thing now. Fortunately, today we have many choices for telco service that would be difficult to destroy, and the Bells would be watched closely for evidence of regressive behavior.