LATA

LATA definition - finance
A U.S. telecom term, which stands for local access and transport area. A LATA is a particular area that is covered by one or more local telephone companies, called local exchange carriers (LECs). IntraLATA is a connection between two local exchanges within the same LATA. InterLATA, which essen-tially is long distance service, is a connection between a carrier in one LATA to a carrier in another LATA. Rules governing what companies can provide both types of service were established in the Telecommunications Act of 1996.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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