Last week Hong Kong introduced symmetrical 1Gb/s broadband service for just $26/mo. They offer symmetrical 100Mb/s service for just $13/mo. These prices are based on current exchange rates between US and HK dollars, which may not reflect the living standards and comparable cost of doing business in the US. In fact, if we adjust for what is called purchasing power parity, those prices would be roughly 25% higher. So $33/mo and $16.50/mo are arguably more accurate prices. Still, very low prices.
The main point, I think, is that fiber-optic technology is improving rapidly, and equipment costs are falling rapidly. Gigabit networks are the new standard.
Read the full article at http://stopthecap.com