Al Bonnyman reacts to news that Verizon is threatening to stop construction of a $250-million fiber project in New Jersey unless the state lets it charge competitors more:
"Verizon is playing chicken with its own future survival. ... Over the long term, the Bells need to deploy fiber in order to compete with the cable TV companies which have much higher bandwidth cable networks. (The cable operators' coaxial systems have 10 to 20 times as much bandwidth capacity as the Bells' twisted pair infrastructure.) ... I think of the Bells as dinosaurs marking time waiting for the big meteor strike that's headed their way. They'll join Western Union in the ranks of former communications giants. Perhaps they should start studying the money order business now ..."
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