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Telcos Pile Up Debt From Mergers & Acquisitions While Stalling Fiber Upgrades ·
Since 2012, two of the country’s largest phone companies spent enough money — $281.4 billion — to wire at least three-quarters of the nation with fiber-to-the-home service and deliver vastly improved rural internet access to the rest of the country. Instead of doing that, AT&T and Verizon used the money to buy their competitors and …