The Organization for Economic Cooperation and Development (OECD) on Wednesday said in its report that South Korea, Iceland and Germany had raced ahead of the U.S. in terms of giving its citizens quick web service or broadband.

The report said the U.S. has dropped to 15th position in the world for providing fast web service after being ranked third in the world some years back, adding that, Internet connections are faster in 12 countries, including Hungary and Denmark.

Meanwhile, the US Federal Communications Commission (FCC) plans to spend $16 billion in the next 10 years by encouraging wireless service and boosting investment in the country. Web browsers in U.S can enjoy the same connection speeds that citizens in Portugal and Japan enjoy following the FCC National Broadband Plan to give 100 million homes the same speeds.

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Ninety one percent of U.S consumers seem satisfied with the speed of their Internet service probably because few knew the specifics of their connection speed, an FCC survey of 3,005 adults released on Tuesday said. The survey also said four out of five didn’t know how the speed of their web service.

The average broadband download speed in the U.S, where competitors lay their own lines to homes, is 4 megabits per second, according to the FCC.

The FCC in its March issue of National Broadband Plan had not advocated adopting Europe’s approach of forcing companies to share lines.

The FCC said Dallas-based AT&T, New York-based Verizon and cable companies will probably have fast lines passing 90 percent of homes by 2013.

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