Thursday 19 August 2010

Almost A Third Of U.S. Households Have Cut The Landline Cord





Almost A Third Of U.S. Households Have Cut The Landline Cord

Cut your landline cord and use wireless as your main form of phone communication? You're hardly alone.

Almost 30% of U.S. households have cut the cord, up from about 25% a year ago, via a Citi Investment Research report by analyst Jason Bazinet.

Over the past nine quarters, so-called "wireless substitution" has accelerated, with more than 1% of households cutting the cord every quarter, or 5% per year, Bazinet writes.

That's bad news for the big U.S. telcos like AT&T and Verizon, but it's also positive for the big U.S. wireless companies, like... AT&T and Verizon.  Read »

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