We were expecting a price war of this nature, but wasn't it supposed to be wireline? One of the arguments that Verizon and AT&T have made while rolling out their respective TV services was that now customers would finally have choice and competition among video carriers. Competition in turn is supposed to bring more competitive pricing. But the opposite has happened. Both the telcos and the cable MSOs they now compete with have each jacked up their monthly rates for their respective TV offerings.
So instead, our price war is happening in wireless. Wireless for the past year has been a pillar of strength for both AT&T and Verizon. But as of now, it's killing their stock.
— Raymond McConville, Reporter, Light Reading