The future of Telco is not in the ground, but through the air. This is the entire reason Google Fiber acquired WebPass.
It is relatively simple to transmit extremely high connection speeds through radio waves. I have a receiver on the top of my house that is a point to point signal, pumping 1 gig +, and soon to be much higher, speeds.
Google's strategy to expand GF will not longer include a massive ground infrastructure move, but use point to point to get to the neighborhoods. An entire zip code can be offered GF services at a fraction of the cost and a few months, as opposed to the old way...TOS of capital and years.
It will happen fast, and I imagine the giant Telcoms will have to follow suite to keep up.