So the question to ask is, what are the characteristics in this industry that should inform your priors about whether the probability of predation is high or low ex ante? Those considerations, in my opinion, suggest that it's very unlikely that the ILECs will prey the cable companies out because the cost of the cable companies are sunk, they need telephony to participate in the competition between bundles, and it's not going to pay off because you can raise the price. If you try to raise the price, there are VoIP guys who would enter.
On February 26th, 2007. See this statement in context.