diff --git a/performance/benchmarks/__init__.py b/performance/benchmarks/__init__.py
index e491044f..8af7ed80 100644
--- a/performance/benchmarks/__init__.py
+++ b/performance/benchmarks/__init__.py
@@ -226,6 +226,12 @@ def BM_Telco(python, options):
     return run_perf_script(python, options, bm_path)
 
 
+@VersionRange()
+def BM_Fractions(python, options):
+    bm_path = Relative("bm_fractions.py")
+    return run_perf_script(python, options, bm_path, extra_args=['fractions'])
+
+
 @VersionRange()
 def BM_Hexiom2(python, options):
     bm_path = Relative("bm_hexiom2.py")
diff --git a/performance/benchmarks/bm_fractions.py b/performance/benchmarks/bm_fractions.py
new file mode 100644
index 00000000..5f4b3bc7
--- /dev/null
+++ b/performance/benchmarks/bm_fractions.py
@@ -0,0 +1,112 @@
+#-*- coding: UTF-8 -*-
+
+""" Telco Benchmark for measuring the performance of Fraction calculations
+
+http://speleotrove.com/decimal/telco.html
+http://speleotrove.com/decimal/telcoSpec.html
+
+A call type indicator, c, is set from the bottom (least significant) bit of the duration (hence c is 0 or 1).
+A r, r, is determined from the call type. Those calls with c=0 have a low r: 0.0013; the remainder (‘distance calls’) have a ‘premium’ r: 0.00894. (The rates are, very roughly, in Euros or dollarates per second.)
+A price, p, for the call is then calculated (p=r*n).
+A basic tax, b, is calculated: b=p*0.0675 (6.75%), and the total basic tax variable is then incremented (sumB=sumB+b).
+For distance calls: a distance tax, d, is calculated: d=p*0.0341 (3.41%), and then the total distance tax variable is incremented (sumD=sumD+d).
+The total price, t, is calculated (t=p+b, and, if a distance call, t=t+d).
+The total prices variable is incremented (sumT=sumT+t).
+The total price, t, is converted to a string, s.
+
+"""
+
+from __future__ import absolute_import
+
+from struct import unpack
+import os.path
+
+import perf
+from six.moves import xrange
+
+
+def rel_path(*path):
+    return os.path.join(os.path.dirname(__file__), *path)
+
+filename = rel_path("data", "telco-bench.b")
+
+
+def run(cls, loops=1):
+    rates = list(map(cls, ('0.0013', '0.00894')))
+    basictax = cls("0.0675")
+    disttax = cls("0.0341")
+
+    values = []
+    with open(filename, "rb") as infil:
+        for _ in xrange(20000):
+            datum = infil.read(8)
+            if datum == '': break
+            n, =  unpack('>Q', datum)
+            values.append(n)
+
+    start = perf.perf_counter()
+    results = set()
+    for _ in xrange(loops):
+        sumT = cls()   # sum of total prices
+        sumB = cls()   # sum of basic tax
+        sumD = cls()   # sum of 'distance' tax
+
+        for n in values:
+            calltype = n & 1
+            r = rates[calltype]
+
+            p = r * n
+            b = p * basictax
+            sumB += b
+            t = p + b
+
+            if calltype:
+                d = p * disttax
+                sumD += d
+                t += d
+
+            sumT += t
+
+            results.add('%.4f' % t)
+
+    time = perf.perf_counter() - start
+
+    assert 1 <= len(results) <= len(values)
+    return time
+
+
+def run_bench(loops, backend_class):
+    return run(backend_class, loops)
+
+
+def find_benchmark_class(impl_name):
+    if impl_name == 'fractions':
+        from fractions import Fraction as backend_class
+    elif impl_name == 'quicktions':
+        from quicktions import Fraction as backend_class
+    elif impl_name == 'decimal':
+        from decimal import Decimal as backend_class
+    else:
+        raise ValueError("Invalid class name: '%s'" % impl_name)
+    return backend_class
+
+
+def prepare_subprocess_args(runner, args):
+    args.append(runner.args.backend)
+
+
+if __name__ == "__main__":
+    import perf.text_runner
+    runner = perf.text_runner.TextRunner(name='fractions')
+    runner.metadata['description'] = "Fractions benchmark adapted from the telco decimal benchmark"
+    runner.prepare_subprocess_args = prepare_subprocess_args
+
+    parser = runner.argparser
+    backends = ["decimal", "fractions", "quicktions"]
+    parser.add_argument("backend", choices=backends, nargs='?', default="fractions")
+
+    options = runner.parse_args()
+    runner.name += "/%s" % options.backend
+    backend_class = find_benchmark_class(options.backend)
+
+    runner.bench_sample_func(run_bench, backend_class)
diff --git a/performance/benchmarks/bm_telco.py b/performance/benchmarks/bm_telco.py
index 1cef2aa3..1af510f3 100644
--- a/performance/benchmarks/bm_telco.py
+++ b/performance/benchmarks/bm_telco.py
@@ -1,8 +1,8 @@
 #-*- coding: UTF-8 -*-
 """ Telco Benchmark for measuring the performance of decimal calculations
 
-http://www2.hursley.ibm.com/decimal/telco.html
-http://www2.hursley.ibm.com/decimal/telcoSpec.html
+http://speleotrove.com/decimal/telco.html
+http://speleotrove.com/decimal/telcoSpec.html
 
 A call type indicator, c, is set from the bottom (least significant) bit of the duration (hence c is 0 or 1).
 A r, r, is determined from the call type. Those calls with c=0 have a low r: 0.0013; the remainder (‘distance calls’) have a ‘premium’ r: 0.00894. (The rates are, very roughly, in Euros or dollarates per second.)