VoIP upstarts shy from fight, South China Morning Post, 8 Mar 2005

“The story of internet telephony is often cast in terms of David versus Goliath: voice over internet protocol (VoIP) technology allows start-ups to run their own telecoms business cheaply, posing a direct challenge to the incumbent fixed-line giants. The city's telecoms regulator is drafting licences that would open the market to many new players, such as internet service providers. According to some estimates, as little as US$1 million is needed to get started. If this is the case, then why are the little guys so doubtful about their chances?�

Full story at http://technology.scmp.com/techmain/ZZZWYIA585E.html