UK mobile termination rates must fall €1.1b by 2015

UK carriers will be forced to cut £1 billion (€1.1 billion) from mobile termination rates by 2015, after a review by the country’s regulator.
Ofcom will demand the cut in a report due to be published this week, with the saving made by cutting rates from £0.04 per minute to £0.02 between 2011 and 2015, The Sunday Times reports.
The regulator won the backing of BT and 3UK when it published the results of a consultation into the termination rates in mid 2009.
Larger cellcos, though, are against reducing the fees, fearing the loss of a lucrative source of revenue.