> That seems to be what Google Fiber is an attempt at creating but the capital required is so great that only a hundred year old company like Verizon or AT&T is really in a position to execute on that well.

If Google wanted to become AT&T or Verizon, nothing is stopping it. It has the capital, and even on the regulatory lobbying front--Google is winning. While Verizon is getting pilloried for not meeting buildout requirements in New York, Google won't even agree to buildout requirements in Fiber cities.

But Google doesn't want to build dumb pipes either: http://www.techpolicydaily.com/internet/whos-making-money-in....