Globe broadband sees 88% price reduction within 4 years

Looks like Globe broadband services will be affordable in the coming years as the telco says that it sees an 88% price reduction within four years.

According to Globe, broadband prices have declined substantially over the last four years with price reduction ranging between 68%-88%. Their 10Mbps service with 100GB data allocation is currently offered at Php1,299USD 22INR 1,877EUR 21CNY 161/month, while a similar package costs Php3,999USD 68INR 5,777EUR 65CNY 496/month in 2013.

In addition, their current 50Mbps and 100Mbps packages are offered at Php1,899USD 32INR 2,743EUR 31CNY 236/month and Php2,499USD 43INR 3,610EUR 41CNY 310/month, respectively, compared to 2013 when a similar package costs Php19,999USD 341INR 28,891EUR 325CNY 2,482/month, says Globe.

Globe President and CEO Ernest Cu said the company is now putting more emphasis on its home broadband and fixed internet operations, with plans to roll out 400,000 ultra-fast broadband lines within the year which aims to bring a minimum internet speed of at least 10Mbps.