German newspaper Heise Online reports that prices for broadband internet connections in Germany are plummeting. In Cologne the Association of Providers of Telecommunications and Added-Value Services (VATM) announced that fees for DSL fell by an average of 37% between 2003 and 2006. The information is based on a study conducted by Honnefer WIK-Consult. Four years ago, a DSL hook-up cost EUR66.91 per month on average. By 2006 the average was EUR42.28. In 2003, the monthly price for a 1Mbps connection averaged EUR65, a figure which fell to EUR37 by 2006. A 6Mbps connection still cost EUR50 per month in 2005 but had dropped to EUR43.50 a year later. VATM says that growing competition is the main reason for the drop in prices. The study was based on the retail rates charged by AOL/Hansenet, Arcor, Freenet, T-Online, United Internet and Versatel, which VATM claims serve 90% of the DSL market in Germany.