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The average price of fixed-line broadband fell by 75 per cent between 2008 and 2011, according to a new report.

The International Telecommunication Union (ITU) found that services have become more affordable around the world as broadband penetration has increased.

According to the report, the UK is now ranked fifth in the world when it comes to broadband development and uptake, up from 9th in 2011 and 14th in 2010.

Only South Korea, Sweden, Finland and Japan were found to be performing better than the UK in these areas.

Brahima Sanou, Director of ITU’s Telecom Development Bureau, said the past year has seen continued and almost universal growth in ICT uptake.

He said the surge in broadband subscriptions in developing countries has brought the internet "to a multitude of new users".

"But despite the downward trend, prices remain relatively high in many low-income countries," Mr Sanou claimed.

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