Quote:
Originally Posted by wodin
Not so much too cheap, but rather insufficiently funded. As I said, automatic switching is less expensive in the long run but requires an up front capital investment that they didn't have the funding for. I suppose they could have floated a bond issue, and probably eventually did.
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WTH are you talking about, there is no bond issuance for corporations, at least not in Texas, and Southwestern Bell Telephone was definitely a corporation. They are known for being cheap and doing the least they can to provide the services they provided. In Texas, the big corporations are basically able to pad politicians pockets and in return get protections from the state.