Report: 30% of consumers cut their landline voice cord

If you take a look at second quarter earnings statements of the top six U.S. or even the large Canadian telcos--Bell Aliant (Toronto: BA-UN.TO), Bell Canada (NYSE: BCE), MTS Allstream (Toronto: MBT.TO) and Telus (Toronto: T.TO)-- you'll see that landline voice loss once again reared its head as consumers ditch their telco landline connection for cable, VoIP or just opt to use wireless as their only phone.  

With these numbers as a backdrop, it's not all that surprising to see that Citi Investment's latest research report revealed that about 30 percent of U.S. households decided to terminate their landline voice service, up from 25 from just a year ago.

According to the report's author Jason Bazinet, "wireless substitution" has accelerated over the past nine quarters with over 1 percent of households turning off their POTS lines every quarter.

Of course, the continual decline of landline telephony is creating an obvious ripe market for cable and wireless operators that are happy to provide various calling and data plans and a bevy of mobile devices to access new data and entertainment services.

 For more:
- Broadband DSL Reports has this post

Related articles:
Sizing up the Tier 1/Tier 2 telcos' Q2 performance
Q2 2010 Earnings Reports: Wireline carriers

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