Verizon Boss Hangs Up on Landline Phone Business - Bits Blog - NYTimes.com
CEO Seidenberg is absolutely correct in his analysis that the traditional local telephone service provided over copper landline and its infrastructure of circuit switching business is 'dead.' But death will come painfully as witnessed by FairPoint Communications' difficulties in purchasing and operating the Verizon local telephone operations in Maine, New Hampshire and Vermont in the face of 10% annual decline in customer lines.
Rural telephony's 'last mile' In the future will be provided via 3G/4G/?G wireless. FairPoint's hoped-for cash cow of the local telephone business can only survive using the older technologies with massive subsidies, an then only a few years at most.
It's the end of an era in which I spent a good part of my career.
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