Quote:
Originally Posted by Stratford, Ct. Resident
I don't think it would be quite that simple. The cable companies are pretty entrenched in their mediocrity. It would just be a choice of "pick your poison", IMHO.
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Yep, and unfortunately it looks like the telco's that are moving in on their territory are adopting the same level of crapola... $30+ for 3mbps internet is ridiculous for "the most advanced country in the planet"... especially when countries like south korea are looking for 1gb+ within 3 year to EVERY HOME, or that in europe they are paying the equivalent of $15 for 30-50 mbps.
And don't get me started on the ridiculousness of the new caps they are putting on. You only 50-60gb of traffic / month before you're cut off. That's because people are moving towards websites for TV, which cuts into the cable companies profits. So now they are cannibalizing 1 area to help provide profits for the outmoded other areas. That forces people to keep their $50-100 / month TV services because thats a huge profit margin for the cable co's.
So, basically, charter filing chapter 11 will have no effect on the market at all. Either they'll clean up, not pay a bunch of creditors and come back financially better off, or some other identical crappy cable co will come in and buy their exclusive rights to whatever towns that charter initially bought off.
Until someone comes in with a better solution that is still profitable, or the government removes the exclusive rights-of-way rules that restrict a township to 1 choice, then we're S.O.L. Or, they create regional gov't-sponsored and -regulated monopolies with forced SLA's and regular technological improvements, like they did with most electric and water utilities. Internet should be no different - it's turned into a basic need that should be universally available.