New NCTA data confirms that broadband investment has fallen

[Commentary] In response to my post on the cable industry trade association's misleading broadband infrastructure investment chart, National Cable & Telecommunications Association (NCTA) came out with some new data that they say will correct the record left by the broadband industry.

Obviously the facts about declining investment aren't enough on their own to prove anything about Internet competition or the appropriate level of regulation. But the fact is that this is a profitable industry operating in a low interest rate environment that is choosing not to make the kind of capital investments that it made in years past.