First National Bank’s Internet service provider, FNB Connect, will be increasing the free monthly ADSL data which it awards to qualifying cheque account customers, from 8 May 2012.
Qualifying FNB cheque account customers will now receive up to 5GB of ADSL data on a monthly basis.
The FNB announcement follows the Independent Communications Authority of South Africa (ICASA) decreasing in the wholesale IP connect (IPC) costs to Internet service providers (ISP’s) by 30% as of 1 April 2012.
“In line with our customer centric approach, it made sense for us to pass on the benefit of the reduction in the IPC costs directly to our customers. With this offer, as well as our free website browsing offers, we are essentially providing free internet data to thousands of qualifying FNB Customers,” says Farren Roper, head of products & markets at FNB Connect.
The reduction in the IPC costs is hailed by many in the telecommunications industry as a small victory for competition in the ADSL data market. Speculation has been rife over whether ISP’s will see the reduction as a cost efficiency measure or whether the end consumer will see the benefit.
In order to redeem the free data, customers are required to register on the FNB Connect web site.