Re: @steve todd - you obviously have no experience in the area
Steve, you obviously have no experience in this area.
First, since broadband wasn't even an issue when most cable companies were started or when they were issued operating licenses, it is impossible to TRUTHFULLY state they they promised coverage and service levels - because those products didn't even exist then.
Competition does exist for broadband, but it exists between technologies - ie, Cable vs Telco. Cable companies don't compete between themselves, and landline landline carriers don't compete between each other, but cable and telco most DEFINITELY compete against each other.
I have watched two different local cities where I own property start down the road to municipal broadband. In both cases incumbent carriers had already made massive investments in infrastructure and were rolling out continuous improvements. In both cases the cities LIED to the public about the needs and in the investments that private enterprise had made. In both cases existing ISPs stopped investing, and in some cases abandoned existing infrastructure.
For you to say "bullsh*t" is, well, bullsh*t itself. Because unlike you I have personal experience. I was there.