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Railroads and telecoms are still closely coupled.
Banking and telecoms are almost antediluvian (see chart).
Cheaper telecoms are meant to be killing distance.
Services such as banking, insurance and telecoms are very mature.
Booming industries such as computing and telecoms are vulnerable, notably through standards that handicap foreign firms.
"First off, telecoms are a global business, and Formula One is a global business.
This week's issue of The Economist explores why Brazilian telecoms are having so much trouble.
Telecoms are dominated by Carlos Slim's América Móvil, with 80% of landlines and 70% of mobile-phone and broadband connections.
Dollops of European Union cash have also helped: motorways, airports and telecoms are being upgraded, fat subsidies keep farmers comfortable.
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"Bringing non-telecoms people into telecoms is the thing to do," says Mr Heaney of Spectrum.
Telecoms were down 11percentt.
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