Telecom are the biggest telecommunications company in New Zealand. Their monopoly over the New Zealand industry has been debated a lot, especially over the past few years with regards to broadband internet service.
Back last year, I posted this article with prices for broadband internet plans. It got a fair amount of notice from my New Zealand readers, most who were pretty pissed off about the prices and speeds.
In the past few weeks, Telecom has been advertising about how they are now providing “faster, cheaper” broadband. While they have introduced a plan with 10GB of bandwidth at a speed of 3.5Mbps downstream (which isn’t really that bad, considering it’s almost twice as fast and $10 cheaper than before, however it still slows down to dial-up once you reach your bandwidth limit and you seemingly can’t buy blocks of more bandwidth) they are toting them as starting at $29.95 per month. Sounds great! Or is it?
In small print the advertisement says that the plan they are talking about gives you only 200MB per month, and each megabyte thereafter is 2¢. That means that 1GB is more than $20. That is crazy! I fear that someone will get caught out like the person who this Telecom bill from 2003 belongs to:

That is tragic.