JenebaSpeaksEmpowering online digital entrepreneurs and professionals to create great things online

Is wired telecommunications becoming extinct?

Today, The Street listed among 5 industries facing extinction:

Wired Telecommunication Carriers

In singling out wired telecommunication carriers as among the 10 barely breathing industries, IBISWorld points that revenues have dropped nearly 55% since $341.8 billion in the year 2000. An additional decline of 37.1% is projected over the next six years.

Big players such as AT&T (NYSE: TNews) and Verizon (NYSE: VZNews) still dominate the industry despite losing a steady stream of customers, he says, because of their prominence in the wireless space for which many former customers are jumping ship.

So sad.

Related Posts Plugin for WordPress, Blogger...

Post to Twitter

Tags: , , , , ,