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1) Agreed.

2) Agreed.

3) All of the big Telcos are public, but your point stands.

To be explicit, I wholeheartedly agree with you about humans making pseudo-random decisions. I'm trying to explain the dynamics of the Telco position, from their vantage point because I think it helps the discussion to view things from other angles.



The telcos are publicly traded, but not publicly owned in the sense of being government-owned and regulated. And that's one of the bigger problems here - the last-mile physical infrastructure should probably be publicly owned.




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