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 Commission has authorised under EU state aid rules a €550 million capital injection and a €400 million guarantee in favour of the Austrian bank BAWAG. P.S.K. The Commission found the measures to be in line with EU state aid rules.
more »
EUROSTAT has reported that the sharpest annual decrease in hourly labour costs of -10.9% was observed in Lithuania in the 3rd quarter of 2009.
more »
Statistics Lithuania informs that, according to the Labour Force Survey data, the number of the unemployed in III quarter 2009 made 228.1 thousand.
more »
What has come to be termed as the "Great Recession" seems to have come to an end in the third quarter of 2009.
more »
The European Commission has authorised, under EU State aid rules, a measure adopted by Lithuania to limit the adverse impact of the current financial crisis on exporting firms.
more »
The schedule of Vilnius International Airport (VIA) is supplemented with 3 more new directions; the airline company airBaltic starts regular flights to Paris today, to Munich tomorrow, and to Berlin on Monday.
more »
The Governing Council of the European Central Bank (ECB) has decided to start the main construction works for its new premises in spring 2010.
more »
AB Bank SNORAS was granted the award from NASDAQ OMX Baltic Stock Exchange for the jubilee 15-year listing of the bank’s shares on NASDAQ OMX Vilnius Stock Exchange.
more »
Parex banka has established a subsidiary, SIA NIF, which will professionally manage assets that are not related to the Bank’s core business.
more »
Mariann Fischer Boel, European Commissioner for Agriculture and Rural Development, today put forward a plan to ensure that Greece will put in place the systems necessary to allow EU aid payments to be made to farmers.
more »