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: T – News) and Verizon (NYSE: VZ – News) 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.