The Nigerian Communications Commission (NCC) recently announced a new mobile termination rates (MTRs) also known as interconnection rate for voice services in the telecommunication sector.
The Director of Public Affairs, NCC, Tony Ojobo, in a statement, said the new MTRs which have been significantly reviewed downwards were informed by the depth of competition in the industry while taken into consideration the position of new entrants. He added that the new rates, which take effect from 1st April and will last for the next three years, will significantly favour subscribers.
According to NCC, the termination rates for voice services provided by new entrants and small operators in Nigeria irrespective of the originating network shall be ₦6.40 from April 1, 2013; ₦5.20 from April 1, 2014; and ₦3.90 from April 1, 2015.
The termination rates for voice services provided by other operators irrespective of the originating network shall be ₦4.90 from April 1, 2013; ₦4.40 from April 1, 2014; and ₦3.90 from April 1, 2015. The current rate, which is symmetric to all operators, is ₦8.20.
“This determination shall take effect from April 1, 2013, and remain valid and binding on licensees for the next three years until further reviewed by the commission,” the NCC maintained.