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Internet Costs Plunge by 99% in Micronesia Following Telecom Market Opening
Photo: Leon Seibert / Unsplash
The archipelago of Micronesia has experienced a massive 20-fold increase in internet access after ending its federal telecommunications monopoly. Thanks to market liberalization and the installation of over 1,500 kilometers of undersea fiber optic cables, monthly broadband costs have plummeted from $65.00 per Mbps to just 78 cents.
The archipelago of Micronesia has experienced a massive 20-fold increase in internet access after ending its federal telecommunications monopoly. Thanks to market liberalization and the installation of over 1,500 kilometers of undersea fiber optic cables, monthly broadband costs have plummeted from $65.00 per Mbps to just 78 cents.