UK telecom regulators Ofcom has confirmed that the wholesale price for calling from landlines to mobile phones will be dropping, by 85 per cent. This is a move that will eventually reduce almost £800 million, from the country's combined phone bills.
The Competition Appeals Tribunal (CAT) finally confirmed that by April 2015 prices will fall, from 4.18p to .65p per minute. This decision was taken after a long confrontation between telecom companies and regulators.
There seems to be some different views coming from different companies, regarding this move. Vodafone has stated that, "The fixed-line operators have merely pocketed previous reductions in mobile termination rates, instead of reducing prices for customers. BT, meanwhile, has actually increased its line rental prices three times over the past year and a half." reported the Guardian.
In fact, when Ofcom ordered price cuts many mobile, as well as fixed line companies, expressed their displeasure. Companies such as O2, Vodafone and Everything Everywhere even argued that this move is draconian.
BT and Three expressed the same sentiments, but no matter what the companies think about the entire issue it seems that the price cut will be implemented very soon.