It took thirty-eight years for us to reach that level of penetration for basic telephone service. The Internet is the fastest growing communications technology the world has ever known. The Internet has a voracious appetite for bandwidth. Data traffic is doubling every 100 days. Industry is scrambling to keep up with demand.
Investment is up all across the board.
And this is just the beginning. The Internet is migrating to other platforms, such as wireless, cable, and broadcast. The world also is taking notice of this revolution. One of the joys of my job is the opportunity to meet with my counterparts from all over the world. My meetings with them usually start with the formality.