Cable and DSL high-speed Internet users could see some price cuts headed their way soon, according to Monday’s Wall Street Journal.

Verizon announced plans last week to reduce its DSL prices as much as 40 percent a month, to as low as $29.95 as part of a bundle of services. The WSJ says cable Internet providers such as Time Warner, which charge $45 or more for Internet services, may be pressured to cut prices as well.

Phone and cable companies are locked in strong competition for a growing number of broadband users. More than 10 million people now use cable modems for Internet access, double that of DSL users, according to figures cited by The WSJ.

DSL user growth has been one of the bright spots for companies such as BellSouth and Mindspring.