Quantum Statement

The New Internet, the New World

hells bells

There is a lot of chatter going on about the $67 Billion merger of AT&T and Bellsouth.

Although this story has generated a lot of news, an even bigger story has been largely ignored. After the Telecommunications Act of 1996 was passed, the Telecos made a deal with Congress in which they promised to deliver a 45Mbps fiber network to the United States. In exchange, they were given billions in regulatory rip-offs and permitted to gouge the consumer. We know how the story ends: Bells didn’t install the fiber network; they kept Ma Bell’s old copper wire that they said they would remove; the U.S. ranks 19th in overall Internet speed (beating out Slovenia).

My friend, Bruce Kushnick, documented the whole scandal in The $200 Billion Broadband Scandal, a documentary ebook. Bruce will be reading excerpts from the book at The Half King in Chelsea (NYC) Monday 3/6/06 at 7PM. Details here.

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March 5, 2006 - Posted by | Authors, Events, Internet Speed, New York City

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