August 14th, 2009

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Link Harvest: Biggest Incumbent Don't Apply For Stimulus -- DUH!

This article in the Washington Post is actually a rare example of decent reporting in that it digs a little deeper than the micro-surface (kudos to Celia Kang, who generally does good work). Comcast, Verizon, & AT&T are not going to apply for BB stimulus funds. This was obvious from the beginning. While the companies will take the opportunity to pretend this is about NN, the fact is that it is about economics and the fear that taking government money gets people interested in things like how much you pay your executives.

Heck, VZ has spent the last several years selling off 10 million rural customer lines because the rate of return is too low. They are not going to take what amounts to chump change to run new fiber out to the middle of nowhere, population density 1 person per 500 miles.