European Commission ends investigation into leased line prices

The European Commission closed an investigation into the pricing of leased telecommunication lines in Europe yesterday...

The European Commission closed an investigation into the pricing of leased telecommunication lines in Europe yesterday (Wednesday), because of a sharp fall in the prices companies charge for the service.

The commission opened its probe in July 1999 because it suspected leased line prices were being maintained at an artificially high level.

"Since the launch of the inquiry, the price for 2Mbps leased lines, the most commonly used bandwidth, has decreased by between 30% and 40% across the 15-member Union since 1999," a statement from the commission said.

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