With Vonage and AT&T cutting prices last week, it is appearing to look like providing VoIP services will be much less profitable than earlier anticipated. The price cutting could also affect local service providers negatively.
According to Forbes:
According to the U.S. Federal Communications Commission, local phone service is the only major telecom service whose price has risen in this century. Vonage's and AT&T's main VoIP offerings already include far more features than traditional phone service does, including unlimited free long-distance calling. The recent price cuts will make old-fashioned phone service look even more expensive.
Read more: Cheap Talk
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