Will the Phone Industry Need a Bailout, Too?

With more people deciding to abandon landlines for cellphones, phone companies are not making enough to maintain their copper lines. Bits Blog reports.

Congress has asked the Federal Communication Commission to develop a national policy for broadband deployment. But it might be more important to think through how the country will handle the aging and increasingly less relevant copper phone network.

... You can see the problem building every quarter, when the phone companies report they serve ever fewer landlines. They are mainly losing customers to cable companies, which offer competing broadband and voice services that make copper phone lines unnecessary.

Read full article.

emily | 5:47 PM | News, Buzz |
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