European Commission’s Latest report reveals the drop in broadband prices up to 19% between the year 2007 and 2008. Up to 75% of EU countries are able to access speed of 2 Mb and more with price of a package between 1Mb and 2Mb dropping from €38.02 in 2007 to €31 by the year 2008.

The prices of broadband fell between 29% to €37 per month for speeds between 2Mb and 4Mb. On the other hand the price dropped by 4% for speeds between 4Mb and 8Mb. Whereas the UK broadband has identified a constant hike reaching up to 28.4% of the total residents by January 2009 which marks an increase of 2.7% on the previous year.

EU telecoms commissioner, Viviane Reding said that European users are now able to enjoy higher broadband speeds at lower prices due to the high competition in the broadband market. When there is perfect blend of competition and regulation, the prices naturally come down with an increase in the speed. Most of the European broadband users avail speeds greater than 2Mb, speed at which TV over internet is made possible at cheaper rates.

She also added that the trend was good, but distinction in rates between the countries still prevailed. She ensured a Single Market for telecoms with reliable set of telecoms regulations for the entire EU.

Related posts:

1. More than 80 Per cent firms in Europe have Broadband
2. Cost of mobile broadband set to drop
3. British People not concerned with Broadband prices
4. Roaming rated reduced by 3 mobile broadband
5. Britain and rest of the Europe to get left behind if they do not launch high-speed broadband fast