Mobile Termination Rates Will be Regulated in New Zealand
YES! Finally. WOOWHOO!
After all the attempts by the big two (Vodafone and Telecom) to stop this, it’s gonna now happen. And this is GOOD for any mobile user in NZ. It will also help 2Degrees to grow and be a more effective 3rd player. The reason this is so important to 2Degrees is that 95%+ of mobile users are on Voda or Telecom connections they can’t drop their rates too much because of the high Mobile Termination Rate (the amount Telcos pay each other to interconnect). Anyway .. this will help this big time and enable 2Degrees to lower its rates further and further drive down prices!
The Telecommunications Minister, Stephen Joyce, has announced Mobile Termination Rates will be regulated:
Mr Joyce says he considers that accepting the Commission’s recommendation meets this test and in this case will lead to lower mobile termination rates and more competitive mobile pricing plans for consumers.
“Following today’s decision I look forward to New Zealand mobile users enjoying more competition between operators and better prices.”
The next step is to add mobile termination access services to schedule 1 of the Telecommunications Act by regulation. The Commerce Commission will then go through a process to set prices and other terms which mobile carriers must offer. This process will likely take a few months.
And who do we have to thank? Well the boys at droptherate for an excellent campaign AND of course a big thanks to Vodafone, for their own goal (yep they sure screwed up). Sucks to be you eh Vodafone? <grin>
Black and White Version: Well done on regulating mobile termination rates Mr Joyce!
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