Cable companies' "comically profitable" margins provide little incentive to invest in fiber

Credit: Boy Genius Report

Google recently deployed 1Gbps fiber network in Kansas City.  It costs consumers $70 a month.

Question: So why aren't other carriers rushing to do the same?

Answer: They're doing very nicely (margins as high as 97%!) providing a much slower service, for about the same cost to the consumer, so why change?

http://bgr.com/2013/02/06/cable-company-internet-service-margins-316532/     / US USA United States America GOOG Fiber network with envy much country stuck paying similar rates service peak speeds 20 times slower incumbent carriers Comcast CMCSA Time Warner Cable TWC build their own fiber networks keep up Technology Review article cable companies’ company revenue streams broken Bernstein Research analyst Craig Moffet  two biggest cable companies posting 97% margins Internet services Federal Communications Commission FCC American academic communities invest major infrastructure project fiber-to-the-home service  margin rolling its fiber service out nationwide /