Brazilian ISP cuts access fees to ward off AOL.
Published:
29 November 1999 y., Monday
Brazil_s Universo Online (UOL), Latin America_s largest Internet provider, said it will offer a less-expensive access plan to compete with the arrival of America Online. UOL will charge 19.5
reais ($10.16) a month for unlimited Internet access in its new plan, down from 35 reais ($18.23) a month now. The company, which has 550,000 subscribers, also will offer 300 free hours of access for customers to try out its service, which has exclusive rights to some of Brazil_s most popular magazines. "This is not a temporary discount; we are really launching a new, affordable plan to access the Internet," Caio Tulio Costa, UOL_s general director, said in a statement. UOL_s rate cut could be the beginning of a price war among companies providing Internet access in Brazil. A price war could affect the bottom line of companies such as StarMedia Networks, Terra Networks and Zip.net, which rely to a great extent on revenue from access fees. AOL introduced its service in Brazil on Tuesday, vowing to attract 700,000 Brazilian clients by flooding the market with CD-ROMS offering 250 hours of free Internet access. The company said it will charge 35 reais ($18.23) a month for unlimited access.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »