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Traditional Telephone Company are Losing Market Share to VoIP Providers.
By Chris Landry
The two major traditional telephone (land-line) providers have experienced a decline in subscribers by close to 10% according to a USA Telecom, Wireless, and Broadband report based on their 2007 findings.
The report states that the publics migration to wireless and VoIP providers as the major reason why the likes of AT&T, Verizon, and Qwest have seen a dramatic decrease in landlines over the past year. All three have their hands in the wireless and VoIP cookie jar, so the financial impact is reduced because a lot of their customers are just transitioning to their wireless or VoIP solutions which in fact have larger profit margins. It is a win-win situation for both the consumer and traditional phone companies, unless the customer transitions to a VoIP solution provided by another company.
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