Spanish telecommunications regulator CMT has reduced by up to 25 percent Telefonica's wholesale reference interconnecion offer for 2010, which had not changed since 2005. Billing by capacity and time have both been reduced, and pricing by time has changed to a single rate regardless of the time of day. The move is in line with the European Commission's recommendation of May 2009 on termination rate reductions. The biggest price drop (25.5%) is in double transit by capacity, now set at EUR 2.37 per month for 2 Mbps, down from EUR 3.19, while single transit has come down by 9 percent to EUR 2.01, metropolitan by 2.7 percent to EUR 1.82 and local rose by 2.8 percent to EUR 1.36. By time, the new pricing is set at 0.56 cents per minute for local, 0.65 cents for metropolitan, 0.67 cents for single transit and 0.95 for doublé transit, with the price cuts ranging from 0.04% to 20.2 percent.
