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Yeah, it's about monopolies. Telcos are interesting in that sense btw bc of the the "last mile" problem (maybe youve heard abt this). There are competing companies but they have a monopoly on the house level.
I have a weak familiarity with it. Here's how I'd think about it: 1. Cable telcos suck (mobile telcos not as bad, notably) 2. Why? Insufficient competition. Many houses only have 1 option. Few have more than 3 options. 3. Why is there insufficient competition?
I don't actually think it's the last-mile problem. It's that cities sell a charter to telecom companies, who then cite the last-mile problem as a reasoning for a limited number of charters being granted. Telcos basically say "hey, you can't expect me to lay all this wire...
unless you'll give me oligopoly/duopoly/monopoly profits." And then the cities are like "okay" or "bribe me" and then the telcos have limited incentive to do a good job at anything because of limited charters granted.
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