Canadians are ditching their home phones in droves, with as many as six percent of customers with landlines choosing to disconnect the service in the past year.
According to the Financial Post, this equates to about 636,000 less landlines in the country and billions of dollars in lost revenue for the major telecommunications suppliers.
More concerning, the report suggests that because cell phone penetration is already high, most of the landlines are not being replaced by a new wireless service.
Worse yet, analysts are predicting that the trend will continue at this pace and that a similar number of Canadians will cut the cord on their landlines in the coming 12 months.
Despite the dire outlook, the big telco companies say that there are still new landline phone services being sold, most of which are bundled in with high value internet and subscription TV offers.
Telephone image via Shutterstock