Spanish regulator to cut mobile termination rates by 80%

Spanish regulator CMT has launched public consultations on mobile termination rates in the Movistar, Vodafone, Orange and Yoigo networks. CMT proposes a 73 percent reduction of mobile termination fees for the three main mobile operators Movistar, Vodafone Spain and Orange Spain, from the current 4 eurocents per minute to 1.09 eurocents per minute. CMT also plans to cut MTRs in the Yoigo network by 80 percent, from the current 4.98 eurocents to 1.09 eurocents per minute. The regulator proposes a two-year glide path for mobile termination rates, with cuts every six months starting in April 2012 until October 2014.