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Terra is free, I opened an account when it was open for all countries. But now Telefonica de Espaņa (spanish telecom) needs to make money with it, is cutting off employees and the advertising market is down. So they probably will delete you after some time, and Starmedia (latin america content provider, search engines, news, etc... I'm not talking about porn content, hehe) is already doing this.
I'm lucky, because I have 50MB bannerless with brazilian Terra, that I got with my DSL account with them (they're my ISP).
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