Internet optimism replaces depression

FT.com Last updated: November 12 2006 19:18

American, British and other internet users are constantly bombarded with offers of low-priced internet connections.

Accessing the web via a telephone line – which may sound old-fashioned but is still used by millions – costs just a few dollars a month.

Yet people’s willingness to pay more than the absolute minimum needed for a basic web connection has surprised stock market investors. So much so that last year’s fears of an all-out price war that would erode profits – which hit cable and telecoms stocks – have all but disappeared.

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