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Mr Puggsly said:

People create the worst case scenario and I doubt it will happen.

It would probably encourage new ISP to come up if the ones we currently have exploit us. Unless government tries to control that, but again, worst case scenarios.

But it seems this is already happening in Portugal? Thus it's not a worst-case scenario but reality instead. Also, I seriously doubt any competition is going to show up to save you. I imagine it's very hard to get into telecom business, and as long as the situation doesn't get too bad (only worse), there won't be enough demand for competition anyway.