Yeah, you can see how this would happen if you look at Internet access in the US. Remember how, when Google announced they'd launch Google Fiber in Austin, AT&T announced an equally fast fiber rollout there. Now imagine if that first fiber rollout was being done by a company that actually needed to show profitability on its investment - there's no way that they could compete with AT&T, they'd fold before they made enough money to expand and that'd be the end of them. Which is why, until Google got interested, the US was stuck with the incumbent telecom and cable operators.