by CIO Staff

Google’s Plan for Free Internet Access Threatens Telecom

Oct 03, 20051 min

Google’s proposal, last Friday, to provide free wireless Internet access to the city of San Franciso represents a major threat to the telecom industry. The Wall Street Journalreports that the new service would allow users to bypass fee-based connections of cable and local phone companies in favor of wireless links and to make phone calls with VoIP technology. The Journal reports that  Google brings several especially formidable assets to the task, including a popular search engine, piles of cash and a market capitalization of more than $88 billion, which is only slightly below the $90 billion market value of the largest U.S. telecom company, Verizon. Read more. 

–A. Jahnke