Verizon, Yahoo! Slash Broadband Price

  • August 24, 2005
Responding to industry competition, Verizon Communications and Yahoo! said Tuesday that they were reducing the cost of their co-branded high-speed Internet service from $29.95 per month to $14.95 per month. The move appears to be an about-face for Verizon, whose CEO, Ivan Seidenberg, reportedly dismissed the suggestion of price cuts as recently as June. Subscribers to the service get download speeds of up to 768 kilobytes, uploads at 128 kilobytes--the slowest speeds offered by Verizon--along with Yahoo!'s premium services, including antivirus protection, on-demand music videos, and unlimited photo storage. -- Gavin O'Malley
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