Internet Giants Prepare for WorldCom 'Storm'
Like all the other telecomm companies - they were laying fiber which they expected to light in a few years, but still a large percentage of it is dark, and will not be lit anytime soon. Why? Because they all thought that demand for bandwidth would be increasing so fast that noone could keep up, but the rapid increase in demand never came. Sure, the p2p explosion created a small bump, but most of the serious p2p traffic was already there, just using different applications, like IRC. I wouldn't expect great financial things from anyone in the telecomm industry, unless they held thier breath while everyone else was gambling on laying fiber.