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Yes and no.

Yes, costs naturally will be lower after the initial large capital expenditure.

No, this so called modern cabling has not resulted in cheaper and faster access fees. Americans pay some of the highest fees for comparable speeds. [1]

[1] http://www.bbc.com/news/magazine-24528383

Lastly, the flip side of the coin is that if the ISPs figure out they can still make $$$ from not having to invest in upgrading infrastructure, then there is very incentive to do so.

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