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Greece's €ircon equivalent losing market share..drops prices

Eurorunner · 2003-09-20 21:03:12

OTE announces price cuts for ADSL Internet connection Telecoms operator OTE announced it will cut charges for its broadband Internet services from September 22, as it moves to stem the erosion in its share of the domestic fixed-line market. OTE cut prices of its ADSL service by half in April after the Transport Ministry…

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20-09-2003 10:03pm

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Eurorunner

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OTE announces price cuts for ADSL Internet connection

Telecoms operator OTE announced it will cut charges for its broadband Internet services from September 22, as it moves to stem the erosion in its share of the domestic fixed-line market. OTE cut prices of its ADSL service by half in April after the Transport Ministry pressured it to make the service more accessible to consumers. It had said the rate cut, effective until October, would be reviewed again. OTE said that the reduced monthly charges would remain in place indefinitely and that it would also cut activation fees by 39 percent and the cost of modems provided by the operator to users by 50 percent. ADSL (Asymmetric Digital Subscriber Line) services allow for faster downloading of data over traditional phone lines. The former state monopolist remains a dominant player in Greece’s fixed-line phone market, but its share of total voice traffic has been gradually shrinking and stood at 91 percent at the end of the first half. (Reuters)

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