Holy fiber Batman!

[TerryRitchie]

Who is your internet provider? That's super cheap internet

I agree, I would snap that up in a second.

The thing is, all Internet providers could offer much lower prices and still turn huge profits.

Back in 1996 two friends of mine started ISPs offering dial-up (only thing available back then). They leased partial T1 lines from AT&T and purchased racks upon racks of Western Digital modems. One friend decided to charge on a token basis. Customers would purchase tokens and use them throughout the month with front-end software called WorldCom (sort of like an AOL local room with access to the Internet). The other friend offered a fixed rate of $14.95 per month. They were making boatloads of cash! Within a year both had switched to $19.95 a month unlimited to match what other ISPs were doing around the country. Their businesses were hugely profitable even though they had to lease the T1 lines from AT&T. When AT&T started offering DSL directly to people it killed their businesses. AT&T offered broadband for $19.95 a month but the local ISPs could not match that because leasing the bandwidth was too expensive. Once AT&T had killed off all the local ISPs the DSL prices started skyrocketing. Today's ISPs own the backbones and equipment. They could EASILY drop their prices and still turn huge profits.