Wall Street

by Karl Bode


Filed Under:
acquisitions, wall street

Companies:
comcast, sky



Even Wall Street Is Nervous About Comcast's Latest Bid To Grow Bigger For Bigger's Sake

from the growth-for-growth's-sake dept

Comcast's latest effort to grow even larger is spooking even the company's investors. "Growth for growth's sake" has been the mantra of the telecom and TV sectors for years. Once growth in any particular market (like broadband) saturates, companies begin nosing about for efforts to grow larger in other sectors, even if it it's well outside of their core competencies (see Verizon Sugarstring, Go90). Unfortunately for the end user, such growth isn't accompanied by any meaningful parallel investment in quality product or customer service, a major reason so many users "enjoy" Comcast services today.

At the same time, this growing power results in increased efforts to thwart any effort to rein in this power, leaving oversight of the natural monopolies more precarious than ever (see: net neutrality). That's exceptionally true for Comcast, where the one-two punch of fading state and federal oversight, expiring NBC Universal merger conditions from its last 2011 megadeal, and a growing monopoly over broadband is forging a perfect storm of trouble.

Comcast's latest gambit came over the weekend, when the nation's biggest cable operator toppled 21st Century Fox with a $39 billion for Sky broadcasting, Europe's biggest pay TV operator. But even Wall Street stock jocks, traditionally more than happy to cheerlead mindless growth for growth's sake, have become nervous about the expansion, worrying that Comcast's overseas exploits are little more than a pricey distraction:

"Craig Moffett, an analyst at MoffettNathanson LLC, downgraded Comcast’s stock Monday to neutral, saying the company had “grossly overpaid for Sky.” Timothy Horan, an analyst at Oppenheimer, also downgraded Comcast’s stock, citing the company’s need to invest instead in the U.S., where it faces growing competition from wireless and online TV rivals."

“It’s going to be incredibly hard to justify having paid such a high price,” Moffett said in an interview Sunday. “This is an asset that neither Disney nor Comcast investors wanted to win.”

Comcast stock price took a major tumble as a result. The biggest problem for many investors is debt. Like AT&T's acquisition of Time Warner, the deal saddles Comcast with so much debt it's going to be forced to cut corners on other fronts in order to shore up the losses. Usually, at least in telecom, that results in cuts to customer service. It also results in companies nickel and diming captive customers harder than ever, whether that means usage caps and overage charges, bullshit fees, or even charging users more money if they want to protect their own privacy.

As you might expect, Comcast tried to put a more positive spin on its latest looming acquisition, company CEO Brian Roberts bubbling over about the overseas expansion:

"This is a great day for Comcast. Sky is a wonderful company with a great platform, tremendous brand, and accomplished management team. This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally. We couldn’t be more excited by the opportunities in front of us. We now encourage Sky shareholders to accept our offer, which we look forward to completing before the end of October 2018."

The problem, of course, is the same one Comcast has always faced. Its ragingly incompetent customer service has made it the laughing stock of the tech industry for the better part of the last decade. What Comcast actually needs is to pause, invest in overall quality and support, and focus on its core competencies. But because traditional broadband is never profitable enough, quickly enough for Wall Street, Comcast executive eyeballs are always fixed everywhere other than fixing some of the company's many, fatal flaws.


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  • icon
    Ninja (profile), 25 Sep 2018 @ 6:15am

    "Usually, at least in telecom, that results in cuts to customer service."

    Well, Comcast has a problem then. You can't cut what already doesn't exist.

    reply to this | link to this | view in chronology ]

    • identicon
      Dennis, 26 Sep 2018 @ 1:20pm

      Re: Sky last straw

      $40 billion for something neither Disney nor anyone else really wanted for $40 billion; the joke is going to be on Comcast give it plenty of time and it will not pan out not at the price that was paid; as a result Comcast institutional investors will punish Comcast in the future on any future purchases even good ones.

      reply to this | link to this | view in chronology ]

  • icon
    Zof (profile), 25 Sep 2018 @ 7:08am

    It has been fascinating

    watching Evil Corp become a real entity.

    reply to this | link to this | view in chronology ]

    • identicon
      Anonymous Coward, 25 Sep 2018 @ 8:37am

      Re: It has been fascinating

      They are evil?

      Why is the government that allows this to happen not evil? How about all the politicians, regulators, judges, courts, agencies, and citizens allowing this to exist? How are they not evil?

      What sort of "evil" is notable about this one company vs every other company out there?

      reply to this | link to this | view in chronology ]

      • identicon
        Anonymous Coward, 25 Sep 2018 @ 9:23am

        Re: Re: It has been fascinating

        Are you evil? You allowed this to exist, therefore you are evil.

        reply to this | link to this | view in chronology ]

        • identicon
          Anonymous Coward, 25 Sep 2018 @ 10:46am

          Re: Re: Re: It has been fascinating

          it sucks when people like you that are too stupid to understand the difference between collective and individual guilt/responsibility gets involved with conversations that go well over their heads.

          reply to this | link to this | view in chronology ]

      • icon
        JoeCool (profile), 25 Sep 2018 @ 9:24am

        Re: Re: It has been fascinating

        Not 'evil corp', 'Evil Corp'. It's a game.

        reply to this | link to this | view in chronology ]

        • identicon
          Anonymous Coward, 25 Sep 2018 @ 10:44am

          Re: Re: Re: It has been fascinating

          I understand that but it is a pointless game. It looks to create false assignments regarding problems. All it does is create a bunch of OWS idiots that protest over things they do not even understand.

          reply to this | link to this | view in chronology ]

          • identicon
            Anonymous Coward, 26 Sep 2018 @ 7:50am

            Re: Re: Re: Re: It has been fascinating

            Wait, occupy wallstreet people do not understand that wealthy assholes destroyed the world economy in order to fill their pockets with your your money?

            Really now

            reply to this | link to this | view in chronology ]

    • identicon
      I.T. Guy, 25 Sep 2018 @ 9:51am

      Re: It has been fascinating

      I thought that was Microsoft... Or Google... Or Mike & Co. (According to the resident court jester.)

      reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 25 Sep 2018 @ 7:21am

    This is funny

    Just wait till comcast gets a mega fine in the eu for their typical bs.

    reply to this | link to this | view in chronology ]

  • This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 25 Sep 2018 @ 7:23am

    this is what you guys have been fighting for

    in your vain pursuits to prevent them.

    it is just to easy to get you guys to help the enemy.

    This is what regulation of the kind that you all support brings, monolithic structure and hierarchy.

    It is a shame you are too "political" to realize it.

    reply to this | link to this | view in chronology ]

    • identicon
      Anonymous Coward, 25 Sep 2018 @ 7:44am

      Re: this is what you guys have been fighting for

      Please advise who "you guys" refers to.

      Please advise who the enemy is.

      Please advise which regulations you are referring to. Be specific. Once you've specified, we can start digging deeper.

      Please define the term "political" as you are using it.

      Until you've done these things, there is nothing more to discuss. I look forward to your prompt and well-thought out response.

      reply to this | link to this | view in chronology ]

      • identicon
        Anonymous Coward, 25 Sep 2018 @ 7:49am

        Re: Re: this is what you guys have been fighting for

        Stop responding to the moron and he might go away. Just flag his drivel and move on. There is nothing you can achieve by replying to it.

        reply to this | link to this | view in chronology ]

        • identicon
          Anonymous Coward, 25 Sep 2018 @ 8:02am

          Re: Re: Re: this is what you guys have been fighting for

          Mr. Anarchy is not going to listen to anything that does not repeat his talking points.

          reply to this | link to this | view in chronology ]

          • This comment has been flagged by the community. Click here to show it
            identicon
            Anonymous Coward, 25 Sep 2018 @ 8:21am

            Re: Re: Re: Re: this is what you guys have been fighting for

            Thanks for the proof of the politicization.

            reply to this | link to this | view in chronology ]

            • identicon
              Anonymous Coward, 25 Sep 2018 @ 9:26am

              Re: Re: Re: Re: Re: this is what you guys have been fighting for

              This is possibly a new coined term ... going Donald.

              One should never go full Donald, did you see the UN laughing at him?

              reply to this | link to this | view in chronology ]

        • identicon
          Anonymous Coward, 25 Sep 2018 @ 8:50am

          Re: Re: Re: this is what you guys have been fighting for

          He actually responded and provided more detail. I'd call that an accomplishment in and of itself, given the general trend of poop-slinging in comments.

          The idea behind questions and requests of the type I used is to attempt to get people to actually discuss. Present your views, be specific, present your arguments, and think about what you and others are saying. Ask questions to clarify what people have said, rather than assuming you know what they mean.

          The first post by this AC was vague and aimless, and would only have resulted in the good old fashioned flame war (and thus I flagged it even as I responded).

          The response to my inquiries has the potential for more.

          If we could dispense with insults and accusatory postures, then maybe the potential could be realized.

          The other possibilities of the outcome come down to a response of equally little substance, at which point, yes, just move on and ignore the whole thing, or no response, which is enough of a signifier that there was nothing there that everyone can move on and have done.

          So I will keep responding to things in the way I did here. The way I see it, there's no downside.

          reply to this | link to this | view in chronology ]

      • identicon
        Anonymous Coward, 25 Sep 2018 @ 8:08am

        Re: Re: this is what you guys have been fighting for

        "Please advise who "you guys" refers to."

        Everyone that supports government regulation that gives a "must do" power rather than a "cannot do" power. Example, the founding of the FCC to not only "legitimize" telecom-monopolies, but to also governmentally "enforce" their existence as monopolies and to "regulate" them as such.

        The original regulations were "anti-monopoly" and "anti-trust". They failed because the "regulators" failed because it makes more sense for a regulator to be corrupt than for a regulator to do anything the people want.

        "Please advise who the enemy is."
        Regulators and the people that "blindly" support them and politicize "regulations" just like how TD and many that support TD does.

        I like TD for the fact that it calls out many things that need to be called out, but TD is dog shit with their solutions "just like the scum they are are bitching about".

        "Please advise which regulations you are referring to. Be specific. Once you've specified, we can start digging deeper."

        NN regulations for example... worthless, pointless, and a waste of energy. Let's remove the specific regulations that allow Telco's to OWN private property on public land. This would be all the poles and wires. Should be "regulated" just like roads are. This is what created the "faux natural monopoly" problem.

        Lets strengthen the "anti-monopoly" and "anti-trust" laws, lets strengthen the "truth in advertising laws", lets strengthen the "truth in billing laws" as if any even exist. Lets scrape the endless chain of bullshit regulations that needlessly waste court resources. These bullshit regulations are mostly Dazzle and Disguise. TRASH the vast majority of them.

        Lets prevent local government entities from being able to enter into exclusive contracts and completely remove legal avenues for Telco's to sue places building their own fiber, municipal or competitive businesses like Google Fiber ENTIRELY!

        "Please define the term "political" as you are using it."
        Most specifically, no desire to support the waste of time that is NN as being either "republican" shilling for the business, or Anarchist.

        I do support regulations, just nothing of the likes of the regulations that TD supports. I like strong anti-monopoly/trust regulations and view the vast majority of others where the government tells businesses what they must do rather than just what they cannot do as a huge waste of effort and contrary to a free as possible market place.

        "Until you've done these things, there is nothing more to discuss. I look forward to your prompt and well-thought out response."

        Shortly after I have posted this people will soon again say that I never said/posted them. Hopefully you will not join their ranks.

        reply to this | link to this | view in chronology ]

        • identicon
          Anonymous Coward, 25 Sep 2018 @ 8:14am

          Re: Re: Re: this is what you guys have been fighting for

          Your solution is regulations, but not regulations, because regulations are bad, but regulations will fix this problem, but Techdirt supports regulations, which are bad, but also good.

          Simple!

          reply to this | link to this | view in chronology ]

          • identicon
            Anonymous Coward, 25 Sep 2018 @ 8:17am

            Re: Re: Re: Re: this is what you guys have been fighting for

            The frogurt contains MSG.

            reply to this | link to this | view in chronology ]

          • This comment has been flagged by the community. Click here to show it
            identicon
            Anonymous Coward, 25 Sep 2018 @ 8:27am

            Re: Re: Re: Re: this is what you guys have been fighting for

            regulations are bad, but monopolies are worse.

            Government is bad, but anarchy is worse.

            The problem with morons like you, is that you are not able to use them to balance, but instead allow them to be used to oppress and create the exact problem that this article is about and you are too stupid to understand this nuance. You are a simple mind, weak, and lazy. You choose to have a politician solve your problems because you won't help solve them yourself.

            reply to this | link to this | view in chronology ]

            • identicon
              Anonymous Coward, 25 Sep 2018 @ 8:44am

              Re: Re: Re: Re: Re: this is what you guys have been fighting for

              I would like to have a deeper discussion on this, but I don't really want to talk to you, anymore.

              To be clear, this is entirely because of the "morons like you" line and similar statements.

              I applaud you digging deeper and providing more detail when asked for it. If you can stop insulting all your readers with each post, and drop the accusatory stance towards people that you don't know anything about (for example, do you know what my views on regulation are? The answer is "no" - because I haven't shared them, and you don't know who I am) you might get somebody to listen to you seriously.

              reply to this | link to this | view in chronology ]

              • This comment has been flagged by the community. Click here to show it
                identicon
                Anonymous Coward, 25 Sep 2018 @ 10:47am

                Re: Re: Re: Re: Re: Re: this is what you guys have been fighting for

                no you are just too stupid to understand.

                reply to this | link to this | view in chronology ]

                • identicon
                  Anonymous Coward, 25 Sep 2018 @ 11:07am

                  Re: Re: Re: Re: Re: Re: Re: this is what you guys have been fighting for

                  Unfortunately, you are now doubling down on the insults. Any respect I briefly had for you has vanished, and any respect I may have had for the arguments you had in favor of your position have similarly vanished.

                  You have proven yourself incapable of intelligent discourse. I hope you one day correct this, but it is a faint hope.

                  May this day be the worst day you ever experience.

                  reply to this | link to this | view in chronology ]

                  • identicon
                    Anonymous Coward, 25 Sep 2018 @ 2:06pm

                    Re: Re: Re: Re: Re: Re: Re: Re: this is what you guys have been fighting for

                    That’s the thing about chip. His love of lead based paint has left him too weak and mentally deficient to do anything than spam his already debunked talking points, insult anyone who is smarter than him, which is everyone and then run away when his shit gets pushed in again. See ya next week once you’ve forgotten this humiliation, chip.

                    reply to this | link to this | view in chronology ]

            • identicon
              Anonymous Coward, 25 Sep 2018 @ 9:07am

              Re: Re: Re: Re: Re: this is what you guys have been fighting for

              Monopolies and anarchy are worse than regulations and government, but having a politician enact regulation while part of a government is bad and for morons.

              Simple!

              reply to this | link to this | view in chronology ]

              • This comment has been flagged by the community. Click here to show it
                identicon
                Anonymous Coward, 25 Sep 2018 @ 10:54am

                Re: Re: Re: Re: Re: Re: this is what you guys have been fighting for

                This is the problem with trying to explain concepts to morons.

                Drugs are bad for your body, but they help it more than hurt it. regulations are the same thing.

                The benefits have to outweigh the drawbacks, but under no circumstances are the drugs good for you. They are just MORE bad for the problem then they are for you, and because stupid people like you exist, you cannot be trusted with having access to drugs and you must see a doctor. You fundamentally do not know how to "think about the problem". Doctors are trained differently and are a little less dumber than you.

                It appears that advanced nuance is not something the collective menagerie of animals here are able to understand.

                reply to this | link to this | view in chronology ]

                • identicon
                  Anonymous Coward, 25 Sep 2018 @ 12:16pm

                  Re: Re: Re: Re: Re: Re: Re: this is what you guys have been fighting for

                  You have no idea how medicine works, unsurprisingly.

                  reply to this | link to this | view in chronology ]

          • identicon
            Anonymous Coward, 25 Sep 2018 @ 8:27am

            Re: Re: Re: Re: this is what you guys have been fighting for

            It's almost as though when you take out all the insults, Paint Chip has nothing substantial to say.

            I'm shocked, I tell you. Shocked!

            reply to this | link to this | view in chronology ]

        • icon
          Stephen T. Stone (profile), 25 Sep 2018 @ 8:29am

          NN regulations for example... worthless, pointless, and a waste of energy.

          Funny how, for all the detail you went into with your other answers (which I happen to appreciate, regardless of whether I agree with what you said), this is the one place where you do not explain the substance behind the style. If Network Neutrality regulations are those things you say they are, explain why they are instead of just telling us they are those things and expecting us to believe you without hesitation.

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          • identicon
            Anonymous Coward, 25 Sep 2018 @ 8:46am

            Re:

            Those have already been explained too. The fact that you don't understand why is part of the problem.

            NN came with the "Zero Rating" loophole. Furthermore it does nothing to stop the monopolies. In addition to this is does not help the cramming problem and the rules are too ambiguous and allows the "current" incarnation of the whoever the Next Wheeler/Pai will be to wield to much arbitrary power over which businesses are breaking the rules, and which businesses are breaking them enough to warrant action.

            There is already more than enough arbitrary power in regulation based on when when enforcement action is taken and against who. We don't need any more laws where the words "reasonable" are codified as part of it's rules.

            "Reasonable" in legal language is "unreasonable" because what you find to be reasonable another does not.

            NN is pure crumbs from the table and entirely designed to pull shallow people in to support it.

            Until we destroy the monopolies and until we get rid of their ability to keep new competition beat in the courts this problem does not go away. And things like NN are completely designed to sucker you into pursuing distractions rather than trying to actually solve problems.

            reply to this | link to this | view in chronology ]

            • identicon
              Anonymous Coward, 25 Sep 2018 @ 9:18am

              Re: Re:

              Anything that requires an infrastructure in, above or below the ground o connect to its customers is a natural monopoly because of the cost of duplication of the infrastructure. In such situations, price competition can drive a competitor out of business by leaving them with an expensive infrastructure to maintain, and not enough customers to cover their costs.

              Telecoms, electricity, gas, sewage, roads are all natural monopolies, and should be provided and regulated as such.

              reply to this | link to this | view in chronology ]

            • icon
              Stephen T. Stone (profile), 25 Sep 2018 @ 9:21am

              Re: Re:

              Furthermore it does nothing to stop the monopolies.

              What made you think Network Neutrality was ever supposed to “stop the monopolies”?

              reply to this | link to this | view in chronology ]

              • identicon
                Anonymous Coward, 25 Sep 2018 @ 9:37am

                Re: Re: Re:

                Not sure what "stop the monopolies" means here, it could be stopping the existing monopolies from further damaging the economy or it could mean stopping a monopoly from spawning.

                NN does nothing to stop a monopoly from spawning as it was never intended to, it might stop existing corps from becoming worse but until the AG starts doing their job ....

                reply to this | link to this | view in chronology ]

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                  identicon
                  Anonymous Coward, 25 Sep 2018 @ 11:20am

                  Re: Re: Re: Re:

                  NN is waste of time because it does nothing about them. That does not mean someone thought that they did address them. That is just your "twist someone elses words around to mean something they didn't" habit coming out.

                  the biggest problem right now is the monopolies and until you resolve that, there is nothing you can do to stop them. They own you, your politicians, and your data.

                  They will give the money you gave to them to politicians you did and did not vote for to take your liberty in the marketplace away.

                  In order to protect you from the "evil corporations" they will tell you what you get to have and they will allow them to take your data and sell it! The idea that you think you are going to get it back with regulations just shows how "not sure of anything" you are.

                  reply to this | link to this | view in chronology ]

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                identicon
                Anonymous Coward, 25 Sep 2018 @ 10:58am

                Re: Re: Re:

                You are a fucking moron.

                I said the problem is that NN does nothing to address which is what makes it worthless.

                If you cannot even understand basic English no wonder you idiots are getting fucked over by the telcos relentlessly.

                Why would a politician need to take your stupid ass seriously? They are much more intelligent that you are and more intelligent than you give them credit for, which is why they rule over your ass and not the other way around. Not only they, they pay plenty of people well beyond your intellectual level to write laws in such a way that you are easily taken for a fool.

                They have been doing it for years and you never learn!

                reply to this | link to this | view in chronology ]

                • identicon
                  Anonymous Coward, 25 Sep 2018 @ 2:08pm

                  Re: Re: Re: Re:

                  I love watching you get mad because you’re too fucking stupid to understand not only the points you’re trying to make, but the responses of people trying to correct you. Such a perfect Dunning-Kruger victim.

                  reply to this | link to this | view in chronology ]

                • icon
                  Stephen T. Stone (profile), 25 Sep 2018 @ 10:36pm

                  NN does nothing to address which is what makes it worthless.

                  Network Neutrality was never designed, nor supposed, to prevent monopolies. In what way besides that is Network Neutrality “worthless”?

                  reply to this | link to this | view in chronology ]

                  • icon
                    The Wanderer (profile), 26 Sep 2018 @ 4:59am

                    Re:

                    His position appears to be "the monopolies are the irreducible root of problem, so any attempt to address the problem which does not involve attempting to eliminate the monopolies is a worthless distraction, and should not be given any time or effort at all".

                    If that premise is accepted, the fact that the network-neutrality regulations were not designed, intended, or supposed to deal with the monopolies is itself a condemnation of those regulations.

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            • identicon
              Anonymous Coward, 25 Sep 2018 @ 9:32am

              Re: Re:

              "Those have already been explained too. The fact that you don't understand why is part of the problem."
              - such juvenile style in discussions will not provide the results you want .. unless what you want is an excuse for more insults, but that is demented.

              reply to this | link to this | view in chronology ]

            • icon
              James Burkhardt (profile), 25 Sep 2018 @ 10:05am

              Re: Re:

              So, in this case, you are letting the perfect be the enemy of the good. Net neutrality was not an attempt to break the monopolies, the most heavy handed of regulation. Instead, the goal was to mitigate abuse. Techdirt and its usual commenters have, contrary to your criticism, criticized the current rules for not going far enough. That does not mean the rules are worse then no rules, that they are bad - it only highlights they are not perfect in the opinion of the writers and commenters. Your claims that Techdirt 'blindly' supports net neutrality is contrary to thousands of words written on the subject laying out explanations, reasoned argument, and a change in position after examination of the evidence that actually supports your position to a degree, contrasted with your position which appears to blindly state dogma which appears contradictory, because you are loose with terms and definitions, and fails to rationally address the Techdirt position.

              The key move was the Title II classification. Techdirt likes it because it starts with a light touch approach, but can escalate if the market does not improve. And most of the heavy handed moves you really want involve Title II classification. Local loop unbundling? Title II. Zero Rating? Title II. Title II had a bunch of other powers designed to restrain the monopolistic power telecommunications has due to high investment costs - as repeatedly shown in the history of Telecommunications monopolies.

              Breaking up the monopolies ala AT&T and the Bell System does little, at the local consumer level where it matters, to resolve the monopolistic concerns. And does little to drive build outs or foster competition. NN is not the Wheeler regulation, the wheeler regulations are an implementation of NN. Monopolies in America are considered bad if they harm the market and/or consumers by virtue of their monopoly. NN is a name for principles designed to prevent harm to consumers and the market. Allowing

              reply to this | link to this | view in chronology ]

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                identicon
                Anonymous Coward, 25 Sep 2018 @ 11:10am

                Re: Re: Re:

                "So, in this case, you are letting the perfect be the enemy of the good."

                No, nothing I propose is perfect, just the closest "possible" thing to it. There is nothing perfect.

                "Net neutrality was not an attempt to break the monopolies, the most heavy handed of regulation."

                Why do people think I am claiming that it does? I am saying that because it does not makes it a pointless effort. It has already been defeated, if it does come back, it will be defeated again. I told everyone when Wheeler did it, that they are still not going to win. I have been proven right, but no one will still listen to me because it offends their politics. It's not about what is correct or not, its about dogma.

                "Techdirt and its usual commenters have, contrary to your criticism, criticized the current rules for not going far enough."

                Not the problem, like I said... I like that TD points out problems, they just don't have good solutions and those rules not going far enough is NOT a good solution.

                "it only highlights they are not perfect in the opinion of the writers and commenters."

                no one is perfect, no me, no TD, but giving government this kind of power implies that someone thinks government is perfect, it's practically a religion now. Everyone seeks to have government replace their religions to care for them. Well... government will definitely "take care" of you, the problem is "obey or die" is the result of that care.

                "Your claims that Techdirt 'blindly' supports net neutrality is contrary to thousands of words written on the subject laying out explanations, reasoned argument, and a change in position after examination of the evidence that actually supports your position to a degree, contrasted with your position which appears to blindly state dogma which appears contradictory, because you are loose with terms and definitions, and fails to rationally address the Techdirt position."

                And those results have been successful how? The results of TD's efforts instill MORE POWER in government right in the face of them looking at a regulatory captured agency. How can you not see how insane it is to go to one oppressor for salvation from another oppressor? You get oppressed either way. One just happens to lube you up first.

                "Breaking up the monopolies ala AT&T and the Bell System does little, at the local consumer level where it matters, to resolve the monopolistic concerns."

                Monopolies are bad, in fact the reason for creating regulations was to stop them. How is it now you are okay with monopolies if they just get regulated by government? News flash, the monopolies are buying your voices! Reddit posted a big long list of politicians that accepted telco money. You have been sold out and you keep wanting to be sold out? That makes no sense!

                reply to this | link to this | view in chronology ]

                • identicon
                  Anonymous Coward, 25 Sep 2018 @ 11:50am

                  Re: Re: Re: Re:

                  Just about every country in the world regulates telcos as natural monopolies, and most do so with effective and more detailed regulation than the USA, including local loop unbundling.

                  Competition between cable and DSL for Internet access is an accident of history, because cable TV and phone lines used to be incompatible analogue networks. With digital they became more or less interchangeable, and with fiber, indistinguishable a the infrastructure level, and the copper phone network is being abandoned in favor of fiber where it is economic to install, and mobile elsewhere. You keep claiming that telcos are an artificial monopoly, when the evidence before your eyes is that they are a natural monopoly, in that the system converges on a single supplier for fixed lines.

                  When the heads of regulatory agencies are short term, 5 to 10 year, appointees from the industry that they are meant to regulate, and will be looking to go back to that industry after their tenure as regulators, they will become pawns of that industry, unless they ate looking to retire after government service.

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  • icon
    TheResidentSkeptic (profile), 25 Sep 2018 @ 9:15am

    FTFY

    The line "it's going to be forced to cut corners on other fronts in order to shore up the losses" should be "it's going to be forced to jack up rates to offset the losses"

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 25 Sep 2018 @ 8:25pm

    Serves Europe right for breaking the Internet with its GDPR, link tax and upload filters. In return, they get the worst ISP America has available. Europe ruins America's Internet, so America ruins Europe's Internet. Karma it is.

    reply to this | link to this | view in chronology ]


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