Cable's Broadband Monopoly Continues To Protect It From TV Cord Cutting

Cable's Broadband Monopoly Continues To Protect It From TV Cord Cutting

3 years ago
Anonymous $OlGJJXacOb

https://www.techdirt.com/articles/20210430/10031446713/cables-broadband-monopoly-continues-to-protect-it-tv-cord-cutting.shtml

One of the nice things about being a telecom giant in a country with limited competition, feckless politicians and hog-tied regulators is there isn't much in the way of accountability. As a major broadband provider like Charter or Comcast, you're allowed to monopolize the telecom market, jack up prices, elbow out competitors, then lobby state and federal government to ensure nobody does anything about it. Hell, thanks to a timid press that can't call a spade a spade, half the time nobody can even be bothered to point out that you're a monopoly in the first place.

In US telecom, regional monopolies like Charter and Comcast continue to dominate market share as residential telcos effectively retreat from network expansion in any areas that aren't profitable enough, quickly enough for Wall Street's liking. Unfortunately for them, they still have to deal with rising competition on the video end of their businesses.

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