Cellular Phone rates fall as Consumers’ celebrate!!

Recently, consumers have been besieged by a number of negative reports about the state of the Jamaican economy. At every corner, there are more bills to pay and more money needed to pay them. Even using the cellular phone was becoming irritating as persons would often have the phone but could not afford to buy credit.

It was therefore a pleasure to read The Gleaner article that reported that the O.U.R. (The Office of Utilities Regulations) have announced that there will be a ‘mobile termination rate of $1.10 ‘.
Click here to read full article http://jamaica-gleaner.com/latest/article.php?id=45321
This well deserved reduction made me feel like celebrating because it signaled a significant achievement for cell phone users who might now be actually able to afford the service.

Mobile termination rates
After the feeling of elation subsided, I wondered what this would mean for my pocket. I hoped that consumers would benefit from the O.U.R. ruling. The first thing to determine is how mobile termination rates affect consumers. Mobile termination rates are the costs charged by mobile operators for completing outgoing calls on its network.

Savings for Consumers
The previous rate of $5.00 marked how much consumers previously paid at both networks. So how have the telecommunication networks responded to the ruling?
Well, while one company announced it was going to pass on savings to its customers another promised to make an announcement soon about a significant cut in its rates.
So it seems that both are committed to make consumers breathe a little easier. These new rates seem to be here to stay as they are slated to continue until June 30, 2018.

Consumers will have to wait for another month for these new rates as they become effective July 1, 2013. It will be interesting to see how the telecommunication companies stay afloat with these new reductions.
At the end of the day though consumers will benefit from these new rates.

So are you struggling to buy credit for your phone? Well there is a light on the horizon!
Are you excited about the reduced rates?

Tags: consumer, rates