ECONOMY

Broadband Internet fairly cheap in Greece

Communications Minister Evripidis Stylianidis addresses the Fourth International Conference on Broadband Internet yesterday on the subject ‘Broadband Convergence of Telecommunications and Mass Media.’ Organization for Economic Cooperation and Development (OECD) data showed yesterday that Greece is now among the member countries with the lowest rates for broadband connections. Last September the average charge in Greece stood at about $33 per month, the third lowest behind South Korea and Hungary. In terms of purchasing power parities, Greece is the second-cheapest OECD country in broadband rates. However, a typical connection in Greece’s network carries only 1 megabyte per second, against 100 in Korea and Japan.