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Wed Nov 21, 2012, 07:36 PM

The Broken Promises of Big Telecom: ‘Fiber for All’ Funding Diverted for High Profit Wireless

The United States once led the world in Internet speed and infrastructure. Now, according to one estimate, it ranks at about 29. Brooke talks to David Cay Johnston, journalist and author of “The Fine Print: How Big Companies Use Plain English to Rob You Blind,” who says that companies continue to raise prices and engage in lobbying efforts to rewrite regulation, while avoiding necessary upgrades to infrastructure that would speed up America’s Internet. Companies promised major fiber broadband upgrades, but diverted that money to building a wireless conglomerate instead.

Good article via an audio file.

http://stopthecap.com/2012/11/21/the-broken-promises-of-big-telecom-fiber-for-all-funding-diverted-for-high-profit-wireless/

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