OUR Announces $1.10 Mobile termination Rate ….WHOA!!

JAMAICA – The Office of Utilities regulation (OUR)has approved a mobile termination rate of $1.10 down from $5.00 paving the way for a sharp reduction in call rates in Jamaica.

In its determination seen by The Gleaner the OUR says:

“Although the model (it used) produced an MTR (mobile termination rate) that is increasing in each period, the Office is of the view that it would be simpler to have a single MTR over the review period.

“The calculated pure … rate for 2017, which is the last reset period for the MTR, is $1.059 per minute. The Office therefore determines that the MTR for the applicable five year period is $1.10 per minute. more