Yet another one bites the dust!!

Well it looks like yet another ISP has bitten the dust. Reports on Whirlpool have stated that administrators have been appointed to handle the affairs of Wild I&T. Their reports have stated the following

Administrators Ferrier Hodgson admitted that "returning control of the Company to the Directors is not a viable option". A sale of the business is being pursued, and the Administrators recommend a liquidation of the company.
Quoted from whirlpool.net.au

This is really starting to show how bad the industry is. The questions need to be asked. (1) Is it just way too competitive for smaller ISP's to make a living out of this industry or (2) is there a monopoly that is just forcing the smaller ISP's out of business to ensure they stay afloat themselves.

In my personal opinion - option 2 is looking to be more likely the reason for it. I know thru contacts in the industry that the Telco Giants are continually giving discounts with one hand then charging double or more for something else. You think you are going to be getting ahead on one front then they sneak a higher charge onto something else in the back door and slap you in the face with it.

Seems to me that someone needs to work out where the priorities lie. I know that the majors are in it to make money as well but how far will they go to ensure their own survival and profit margins.