Tuesday, June 12, 2012

Broken Promises: The Telecommunications Trust That Doesn’t Deliver | Stop the Cap!

Broken Promises: The Telecommunications Trust That Doesn’t Deliver | Stop the Cap!: In Kushnick’s view, phone companies like AT&T and Verizon are breaking their promises to regulators and consumers.

“Illinois Bell was supposed to rewire the state (with fiber-optic cable), starting in 1993 at an initial cost of $4 billion,” Kushnick said.

Instead, AT&T moved in and bought out the phone company and has dragged its feet on fiber deployment, along with most other big phone companies.

Kushnick told the Journal Star phone companies are going cheap avoiding fiber optic infrastructure while still ringing up huge profits

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