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Competition sends phone rates up
From: David Farber <dave () farber net>
Date: Wed, 12 Apr 2006 13:29:11 -0400
Begin forwarded message:
From: Allen Firstenberg <people () addventure com>
Date: April 12, 2006 9:53:30 AM EDT
To: David Farber <dave () farber net>
Subject: Competition sends phone rates up
For IP if you wish. Perhaps someone can explain the economics of this.
N.Y. regulators approve telephone rate increase
About halfway though, we see this gem of a paragraph:
"The commissioners and PSC staff members said the companies need the
'flexibility' to raise rates because they're losing customers rapidly
to wireless phones, cable companies and other competitors. Verizon
has lost 3 million customers in the past five years and Frontier has
lost 18 percent of its customers in the last three years, according
to the commission."
Aren't we always promised that competition should lower prices?
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- Competition sends phone rates up David Farber (Apr 12)