2:30 PM -- This just in: Voice is not a growth business.
According to a chart buried in the back of the FCC's 2004 International Telecommunications Data report, released today, AT&T Inc. (NYSE: T)'s revenue per minute of voice traffic has fallen by about 80 percent in the 10 years that ended in 2004.
The report, which monitors traffic between the U.S. and other countries as it relates to telephone, private line, and other services, showed that in 1994, AT&T pulled in revenues of $7.9 billion on some 8 billion minutes of voice traffic.
Ten years later, the carrier billed $3.3 billion for some 16.7 billion minutes of voice traffic.
The collective group of all U.S. carriers monitored by the report charged $12.4 billion for about 13 billion minutes of voice traffic in 1994. In 2004, that group charged $8.6 billion for some 63.5 billion voice traffic minutes.
As the editors recap Light Reading's event series on network functions virtualization (NFV) and software-defined networking (SDN), technologies like 5G and edge computing arrive just in time to hurry the industry along its path to more modern networks and add plenty of drama.