Calling the U.S. broadband infrastructure an “absolute disgrace,” Rupert Murdoch predicted that “the telephone companies are going to knock [cable operators] out” in the high-speed business.

“There are plenty of good cable companies who will [deliver] up to 10, 20 or 30 Megabit [per second] service,” the News Corp. chairman said at a late-night session of the “D: All Things Digital” conference. But he chastised operators for “saving their money” and not investing in sufficient capacity for the looming broadband opportunities.

“Verizon is doing a great job,” Murdoch said, noting the slow but steady migration of entertainment content to alternative distribution platforms.

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