That's also how I understood it. Most of the old POTS / circuit-switched network stuff is supposed to be gone and it's all VOIPy-fiber internet from the curb to the rest of the network. The only copper left, I thought, was from the RJ11 jack in your house to the curb.
Someone at work recently mentioned that they can receive phone calls on their old rotary but no longer dial out. So I guess maybe the old copper isn't all gone, but it's on its way out the door.
Someone forgot to tell that to Verizon in NEPA. Not only do we still have POTS, they have no intention of ever bringing FIOS to the Poconos. Something about their business model being geared toward cellular networks and there not being enough population to justify the investment fiber optic cables. Last summer the borough was repairing a bridge in town and cut through a conduit or something and it was several days until they were able to coble it back together and for a couple months, every time it rained, I had to put in a work ticket and as often as not, they would fix one line and another would go out. FWIW, though, didn't the old rotary phones require incoming power? IIRC, the red and black were low voltage and the yellow and green were for the line until they did away with the low voltage a few decades ago?
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--Jason--