Monday, June 05, 2006

Telcos pocketed $200B in rate charges and taxpayer subsidies but failed to deliver promised broadband network, author claims

  • By 2006, 86 million households should have been rewired with a fiber optic wire, capable of 45 Mbps, in both directions. -- read the promises.
  • The public subsidies for infrastructure were pocketed. The phone companies collected over $200 billion in higher phone rates and tax perks, about $2000 per household
E-book, $200 Billion Broadband Scandal.

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