Rackspace Hosting is lowering the price for cloud bandwidth and content delivery network (CDN) services by 33 percent. The company is now implementing tiered pricing for its open cloud product portfolio, starting with Cloud Files, its object storage service. The new pricing changes will take place over the next several weeks. The price will change from $0.18 to $0.12 per GB.
The first product to feature tiered pricing is Cloud Files object storage. The volume discounts range from $0.10 per GB per month for the first 1TB, decreasing to $0.075 per GB per month and even lower for storage amounts over 1024 TB. Rackspace will roll out tiered pricing for additional products throughout 2013.