Cuts Make Neotel Smile

Neotel on Tuesday welcomed a decision by the Independent Communications Authority of SA (Icasa) to cut cellphone termination rates - or call rates.

"Neotel welcomes the statement made by Icasa on 29 October 2010 indicating a phased reduction of both mobile and fixed call termination rates over a three year period in the final regulations," the telecommunications company said in a statement.

Neotel said it supported increased competition as this would lead to effective and fair pricing.

"We are pleased to see the new regulations make significant inroads towards cost-based wholesale pricing that will translate into genuine benefits for consumers," said Ajay Pandey, MD and CEO of Neotel.

Last Friday, Icasa announced mobile phone companies would have to cut charges for handling calls from other providers.

Termination to a mobile location from March 1, 2011 to February 28, 2012 would be 73 cents at peak and 65 cents at off-peak times, Icasa said in a statement. The rates were currently 89 cents and 77 cents respectively.

Further reductions would be enforced in 2012 and 2013, Icasa said.

Sapa

Source : http://www.iafrica.com/articles/683984.html

Cuts make Neotel smile
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