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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.

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