Negotiations. It might decide at the margin not to make certain last mile investments in its network. I guess another cost i add, i think i offered eight of them through the paper, i wont take you through eight now, but another one im worried about unraveling content agreements between content providers and i is sps. Netflix and comcast entered into an agreement. If netflix looks out the window and sees cogent or level three by regulatory assistance can get a better deal, then you would accept a voluntary agreement. Why is that upsetting . Theres something efficient about those doing a deal. It was cost in place where should be and do my put downward pressure on the price broadband access. If youre telling and isp youre telling and i speedily we can raise money is on the backs of its customers a can make money off transit, cant make money off service. Youre basically putting upward pricing pressure on access races for consumers. Let me go back to you. Say although more about, you are p
Are not watching video or emailing, if you are not doing is more it effective and costefficient. We are talking about the old Voice Network. How do we move from the cost benefits of the Service Benefits by thinking about how things have to change . Another thing going on that we have not talked about. We talked about the supply side and how people provide it. In the wayhanges users arent using the network. Not the services but what people want. Place inte is taking europe. They have a set of universal Service Obligations that still includes phonebooks. A lot of us today say we cannot remember the last time we looked at a phone book. That information is obsolete. Online is more efficient. Another thing that is part of their universal Service Obligation as payphones. In the world of ubiquitous cell phones you cannot find a pay phone on most streetcorners anymore. They are not useful because of the way people are using the network. One of the pivotal questions is we used to think about vo
Its a pleasure to be here today to talk about the i. P. Transition. But before we do what i want to talk about is another transition thats been occurring and thats directly related, and thats the transition of our networks from copper to fiber. Of course its generally understood today Everybody Knows that fiber to the home is the best Broadband Network possible and one that many are striving to obtain. When verizon started to roll this out ten years ago it wasnt so obvious and we got a lot of questions about why we were doing this. Who needs 30 megabits per second . But Everybody Knows today that we need much more than that which is why were now up to 500 per second over the fiber and much more to come. So fiber is an important part of the i. P. Transition and a basis for the i. P. Transition. But the transition of voice from copper to fiber doesnt depend on i. P. And thats what i wanted to talk about for a few minutes. So fiber started in the Telephone Network many years ago. There ar
Technology. Consumers have come to expect things to double and improvement and triple in improvement in sixmonth increments, just like they expect their ios to update every few weeks and a brandnew devices come in every year. The same kind of expectations are being driven into the home. People are looking for that kind of exponential increase in speed. On the other hand if you look at the ditty he would look at the fastest point of technology in the history of the world. Internet speeds have essentially doubled every year. In the last 10 years, it was 1500 . These are exceptional paths. You go 80 Miles Per Hour one minute, and the you think youre going 20, you want to go even faster. That is the rally of the market we are in. We should never be satisfied or happy. Even though there is some explanations, it is an industry that continues to invest 20 billion 50 billion to solve problems for consumers. How worried are you about cord cutters . Im not worried as much as intrigued. I am the
New sources of revenue. I think theyre attacking both of those things, but to focus on the revenue side. I think, one, looking for new ways to delight and hold consumers. So if you look at comcast and its investment in the x1 platform, if you can make video on demand more attractive, easier to use, the interfaces more weblike and more delightful, number one, dont lose what you have, right . Innovate, keep what you have. You also see them taking advantage of broadband, right . That is a blessed source of new Business Opportunity for our industry. It is growing much faster. It still has a huge addressable market. It has good economics, and its a good business. The rapid change in telecommunications, Technology Advances and the future of the cable industry with National Cable and Telecommunications Association president Michael Powell tonight at 8 ian on the communicators on 8 eastern on the communicators on cspan2. Cspan, created by americas Cable Companies 5 years ago 35 be years ago an