The Wall Street Journal has a page one story (subscription required) on the trials faced by the big local phone companies, which are seeing their core business lost to Internet voice services, cell phones, and other rivals. The big local phone companies have lost 18 percent of their lines to rivals since the end of 2000, the article says.
Nor is technology such as DSL necessarily their salvation. The reporters cite the post-World War II railroad business, which threw money at new tracks and trains, only to see its passenger traffic evaporate in favor of airlines and automobiles.
It's … Read more