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by halo
260 days ago
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That telephone monopoly was privatised - and later dragged their heels on rolling out broadband because ISDN was so profitable, causing untold damage to the UK tech economy as the country fell behind on connectivity. It’s a great parable of badly-managed state-run monopoly vs badly-managed privatised monopoly. |
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I don’t think I blame BT for not wanting to invest in a market it was barred from making a profit in. This is the result of heavy handed local regulation strangling a national incumbent for the sake of foreign interests.
At any point other competitors could have made the same investment but didn’t want to either until relatively recently.