A recently published ebook characterizes the history of Verizon, SBC, Qwest, and BellSouth’s (the Bell companies), their fiber optic broadband promises and the consequences that have harmed US economic growth because these companies never delivered and kept most of the money, about $200 billion!!!! In the early 1990’s, the Clinton-Gore Administration pushed the “Information Superhighway”, for which every Bell company - SBC, Verizon, BellSouth and Qwest - made commitments. The idea was that fiber optic wires would replace traditional copper wiring. The idea was that “by 2006, 86 million households should have had a service capable of 45 Mbps in both directions, (to and from the customer) could handle over 500 channels of high quality video and be deployed in rural, urban and suburban areas equally.” And in addition these networks were open to competition. In order to pay for this, the different states in the US removed constraints on the Bells’ profits as well as gave other financial perks. As the result these companies were literally able to “print money” collected in the form of higher phone rates and tax breaks…..
For details about the book, chapters, highlights, etc.
http://www.newnetworks.com/broadbandscandals.htm
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