Apart from what's already been said here, it's important to think about how you would build such a service. You would start to offer it where people have access

Apart from what's already been said here, it's important to think about how you would build such a service. You would start to offer it where people have access to clients and the basic communication infrastructure (backbones) is already in place but where Internet access is still not sold or just too expensive. All you do in that situation is creating roadblocks for small ISPs. It's probably not hard to convince the incumbent telcos to get in on it. All you have to do is create a good business proposal. Telcos have tried similar things since ever since IP started to win, especially in the mobile space, but they've never had the services people want. This is an unholy alliance between telcos and big content, and could very well succeeed. But I am still an optimist. I believe the market will win out in the end, and one thing we know for certain is that what people really want is the Internet. It will only delay that for a number of years, but that's hardly any consolation for those potential entrepreneurs stuck in that particular irrational market.