Adam Smith's Invisible Hand

I knew that eventually competition would begin to take hold in broadband. I first wrote about this in a reflection May 12, 1998 -- and must admit I was a bit premature. But now, at last, it is happening. This morning at Vortex 2003 in Laguna Niguel, Larry Bibbio, vice chairman of Verizon, said that they have reduced their monthly DSL fee by $15 and that the reduction was "not promotional". Surely, the cable companies will not stand by and lose market share. Direct TV is aggressively advertising broadband internet access via satellite. Prices will come down and speeds will go up. What we need is even more competition and the electric utilities are about to offer it. In Pennsylvania, PPL Telecom has begun to charge their subscribers for "Broadband over Power Line" service beginning May 1, 2003. (read more)

Internet Technology May 20, 2003 01:24 AM