“By the end of 2014, America will have been charged about $400 billion by the local phone incumbents, Verizon, AT&T and CenturyLink, for a fiber optic future that never showed up.”
TL;DR: they took billions from the government to build fiber infrastructure then said, “sorry that wasn’t enough. Give us more and we swear we’ll build it this time.” They just pocketed the money.
I know they are correct:
TL;DR: they took billions from the government to build fiber infrastructure then said, “sorry that wasn’t enough. Give us more and we swear we’ll build it this time.” They just pocketed the money.