A significant number of people there have access to fiber ISPs, who provide significantly higher speeds and better service than Cable. Furthermore, the 5 mbps could easily be the equivalent of the US ISPs' "poor man's" tier, such as Time Warner's $20/month 348/128 kbps tier that they never advertise.
The point is you don't know anything about the price ranges and demographics, and your assumptions end up being FUD. Which is par for the course with you.
Maybe its just me, but MMH's positions are always pro business/telcom 99.99% of the time. He comes across like a paid astroturfer, which honestly wouldn't surprise me.