The Nigerian Communications Commission intends to roll out a new international termination rate. The commission made this known in a statement on Thursday after it said it had finalised the process for determining the cost-based price of Mobile International Termination Rate.
This move would ensure a healthy competition on traffic handling for voice services between local and international operators in Nigeria. Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta, noted that the cost-based study became imperative, as there was a need to find the optimum price for the termination of international voice services that will be beneficial to all relevant industry stakeholders.
Danbatta said “overriding need for regulatory options and intervention in relation to the international termination rate in the voice market segment is predicated on some intractable challenges, most common with economies with severe macroeconomic volatility such as ours.”
ITR is the rate paid to local operators by international operators to terminate calls in Nigeria as contrasted with MTR, which is the rate local operators pay to another local operator to terminate calls within the country.