Telecomm providers are running scared. Shackled with old technology, piles of debt, and a thoughts of a bygone era, they continue along M&A paths without a clue as to whether their actions will make things any better. Certainly, much of the thinking isn’t going to change.
Threatened, the telcos turn to lobbyists (and in turn, Congress). Lobbyists push protectionist measures on behalf of their clients. Congress will propose taxation and further regulation. Politicians will convince the general public that they have everyone’s best interests in mind, all to rein in the cowboys (like Google, Vonage, Amazon, and eBay). They’ll captivate their audience with their “do-goodness,” while they fly around on some telco company’s private jet to all the town hall meetings.