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
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »