Communications Minister Ryan today welcomed the eircom/ComReg agreement which has resulted in a reduction in the price of eircom’s “Line Share” wholesale product. The agreement, which accords with Government policy on competition and open access, is a significant development. The Minister welcomed eircom’s commitment to the agreement so soon after the company was acquired by new owners, Singapore Technology Telemedia.
“This development is very welcome. It is good news for broadband users who can expect increased competition, higher speeds and keener prices. It is good news for DSL service providers whose ability to compete will be enhanced. And it is good news for eircom who clearly see the wholesale broadband market as a significant market opportunity. The drop from €8.41 to €0.77 represents a 90% reduction in wholesale cost. I believe this is a major milestone where a mixture of strong policy and collaborative engagement are giving rise to good effect”.
“The positive effects will be felt by consumers where it counts, in their pockets” said Minister Ryan.