There's No Point in Regulating A Dying Business
Not that the decision will be popular in some quarters, but the New Jersey Board of Public Utilities has voted to remove price regulation for basic home telephone service, businesses with single-line service, charges for residential connection and directory assistance.
Sowmyanarayan Sampath, Verizon Communications SVP of transformation says Verizon’s copper-based revenue is declining eight percent to 10 percent a year.
At that rate, the revenue stream disappears in a decade.
If you want to know why tier-one telcos want to decommission the old “public switched telephone network,” that is why.