India’s MTNL and BSNL have been losing fixed subscriptions for years; Sri Lanka joined the club recently. Now we see the heirs to AT&T throwing in the towel. I guess it was like this when the railways replaced the canals. How long will it take for policy makers in emerging Asia to see where the wind is blowing?
Roll over in your grave, Alexander Graham Bell.
That was in effect what Ivan Seidenberg, the chief executive of Verizon Communications -– one of the largest descendants of the old Bell System — declared this morning.
Speaking to a Goldman Sachs investor conference, Mr. Seidenberg said Verizon was simply no longer concerned with telephones that are connected with wires.