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LINX (the London Internet Exchange) - a mutual organisation owned by more than 170 ISPs and links their networks - has cut its fees by 15 per cent.

Increased levels of net traffic have led to a "better-than-expected financial position for the world's largest internet exchange", it said in a statement.

And following a financial review which found the organisation was "ahead of budget" LINX decided it had room to cut prices.

In an email to members LINX chief exec John Souter said: "The board considers that we are in a strong position, with good reserves and better than expected growth.

"As a mutual association, we should reduce prices whenever a suitable opportunity presents itself."

LINX has cut the costs of key connection facilities - 1 gigabit and 10 gigabit Ethernet ports on its switches - by 15 per cent. ®

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