Ofcom executes mobile termination rate reduction (UK)
www.WirelessFederation.com/news: British telecoms regulator Ofcom has reportedly ruled that mobile termination rates (MTRs) are slashed up to 21%.
As per the new rule, both Vodafone and O2 will cut their average mobile termination rates to GBP0.0471 (USD0.0687) per minute, a cut of 8.4% adjusted for inflation. Moreover, Orange will also reduce its rates by 11.1 % to GBP0.0484 per minute. 3, owned by Hutchison Whampoa will have to cut MTR to GBP0.0583 per minute, a 20.9% cut. This rule is driven by the regulator’s implementation of price controls for the next two years. The regulator is planning to equalize by the end of March 2011, and a further reduction in the rates is expected next year.
