PL> The PSTN will have to drop rates to compete; I'm sure most
PL> equipment and infrastructure has been amortised by now.

Nope, nothing like it.

LE> Uhh.. equipment is depreciated, land is amortized, resources are
LE> depleted [#undef ACCOUNTANCY_PEDANT]. But according to the crap
LE> the carriers feed us, they are constantly replacing equipment.

And they clearly are, particularly with digital
exchanges replacing antique crossbar exchanges.

LE> The fiber-optic stuff is too new to have been depreciated yet.

And the bulk of the high traffic trunk route was duplicated by Optus.
@EOT:

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