Not surprisingly, France Telecom's earnings and share price are plummeting as consumers desert fixed line telephones in favor of new broadband applications. Meanwhile, it seems that major telcos in the U.S. continue to be clobbered by cable companies in the great race to lock in the broadband service relationship with consumers. Vonage, Skype, Webex and other solution providers are dominating the internet communications applications space.
Where do U.S. telcos fit in? These horrifying business developments are still going to be racing forward after the illusory comfort of the current merger and acquisition frenzy is over. A good start might be to rely less on old school industry consultants, moving instead to bring in new leaders to develop some fresh, exciting growth plans. Or, sit by and watch the new guys on the block take all the spoils.