Considering the status of competition in the telecommunications industry, it is the policy of this state to:
(1) provide a framework for an orderly transition from the traditional regulation of return on invested capital to a fully competitive telecommunications marketplace in which all telecommunications providers compete on fair terms;
(2) preserve and enhance universal telecommunications service at affordable rates;
(3) upgrade the telecommunications infrastructure of this state;
(4) promote network interconnectivity; and
(5) promote diversity in the supply of telecommunications services and innovative products and services throughout the entire state, including urban and rural areas.