Mon Oct 31, 2005 11:34 PM ET

WASHINGTON (Reuters) - SBC Communications Inc. said on Monday it was revamping prices for its high-speed Internet services, cutting most regular monthly rates to lure more customers onto higher-speed lines.

The moves come after SBC, the No. 2 U.S telecommunications company, launched a $14.95-per-month promotion for its digital subscriber line service earlier this year, aiming to convert dial-up Internet users and grab more customers than cable competitors.

SBC said starting Tuesday, its basic high-speed Internet service with download speeds of up to 1.5 megabits will sell for $16.99 per month for the first six months. After six months, SBC will charge $29.99 a month, down from its previous charge of $49.95 per month after the first year of service.

Continues @ Reuters