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The problem is these companies try to act as utilities, not technology companies. They borrow large sums of money (look at dept of AT&T or VZ), invest some of it in their network, but use big chunks to pass on to shareholders as dividends. They are financial companies, not technology companies. They are far more concerned with paying a few cents more in dividend per share than delivering a few more Mbps. I guess that it capitalism, but it is short sighted. I think the days may be numbered. It would require a good investment of capital, but Google fiber for example shows that from the technology side it would be trivial to disrupt them.

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