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The word "roughly" is doing some heavy lifting here. There is a long history of telecoms getting subsidies under terms like what you say, failing to do what th
by btilly 3y ago
The word "roughly" is doing some heavy lifting here.
There is a long history of telecoms getting subsidies under terms like what you say, failing to do what they are supposed to, not being punished for it (I suspect corruption from regulatory capture), and then pushing for more subsidies for the problem. Admittedly this comes with a certain amount of showy punishments and appropriate prostration of telecom execs. However that amounts to a slap on the wrist, and then business as usual.
Given that this cycle has been going on for decades, there is every reason to believe that this is just another round.