How big a wallet do you need to knock the $100 billion-a-year local-telephone industry into a new shape? J. Shelby Bryan, 51, CEO of ICG Communications, Inc., of Englewood, Colo., is trying to find out. Bryan, a former Golden Gloves boxer as well as a banker, entrepreneur and corporate-turnaround artist, took charge of ICG, then known as IntelCom Group, in 1995. A good time to jump in, given the impending passage of the federal Telecommunications Act of 1996, which ordered the Baby Bell phone companies to end their monopolies of local service. Now Bryan is trying to outsprint other new companies...
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