The Dark Telcom Secret

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Over the years, billions of dollars of expenses have been placed on the books of the local telephone services to pay for the construction of the fiber optic cable that forms the backbone of the wireless networks. Other corporate (not local) expenses were also added to those accounting books – everything from executive pay to lobbyists and lawyers, and even the corporate jets!

Moreover, the old FCC accounting rules have made the local telephone services appear unprofitable, so that these companies have vastly underpaid the taxes they would otherwise owe to states. 

IRREGULATORS v FCC was a victory for us all. Now the state utility commissions can step in and redirect this money away from wireless, stop the financial shenanigans, and require the telecoms to bring fiber-optic broadband to every phone customer in America, just like they promised.


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