by Simon
The unmistakeable symptom which demonstrated that BTC was becoming a dinosaur with diminished capacity surfaced as the bottom fell out of its long distance market almost overnight. On the way to losing its outdated status as a state monopoly, the company started exhibiting the classic stages of grief.
First, BTC stuck its head in the sand, attempting to use legal tactics and lame arguments as to why it should maintain a laughing-all-the-way-to-the-bank monopoly with outrageously high rates.
Those rates continued to suck endless millions from businesses and homes despite long distance charges plummeting around the world, thanks to innovations from the internet to fibre optic cable and mobile phones. In addition to rapidly changing technologies, the economics of telecommunications was upended globally even as BTC remained in the first stages of grief: denial and anger.
BTC did attempt the next stage, bargaining. With fanfare it announced its introduction of Voice Over Internet Protocol (VOIP) to The Bahamas. The announcement of ViBe was curious as the company tried to convince customers that this was a revolution in long distance service. Too little. Way too late.
