Friday, January 27, 2023
The Witness Newspaper
No Result
View All Result
  • Home
  • News
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • South Witness
  • World
  • Health
The Witness Newspaper
No Result
View All Result
Home Business

NCC issues new International Termination Rate (ITR)

Stanley Osariemen by Stanley Osariemen
September 1, 2022
in Business
FG orders reversal of 10% tariff hike on data, voice services

NCC

Share on FacebookShare On WhatsappShare On Twitter

The Nigerian Communications Commission (NCC), has issued an amended Determination of Mobile (Voice) International Termination Rate (ITR) for implementation in the Nigerian Telecommunications Industry effective from September 1, 2022.

Reuben Muoka, the agency’s Director, Public Affairs disclosed this in a statement on Wednesday.

READ ALSO

We’ll open on Saturday, Sunday for cash deposit, says FirstBank

Customs generates N229.4bn from vehicles import in 12 months

The ITR for voice services paid for terminating international calls on local networks in Nigeria is now set at US$0.10, from the old rate of US$0.045.

Under the amended determination, the international carrier market has been classified into Mobile Network Operators (MNOs)/International Carriers and Small/Nigerian Transit Carriers/International Data Access (IDA) Operators to ensure a level playing field that recognizes the unique disposition and characteristics of genuine market participants.

The Nigerian Transit Carriers/IDA Operators shall terminate inbound international calls in the network of domestic operators at a discount of 21 per cent on the US$0.10.

In determining the ITR, the Commission carefully considered information and insights provided by stakeholders at different meetings and fora, which reviewed the previous rate and the industry’s operating environment. This is in addition to the cost model results, the state of competition in the sector and the Nigerian macroeconomic environment.

The Commission reiterates that the process of arriving at the ITR was conducted transparently with a view to providing maximum clarity to all parties without compromising the confidentiality of commercially sensitive information.

It expressed confidence that the new ITR, the outcome of the various engagements, will make a significant contribution to the development of the telecoms sector in Nigeria and be beneficial to subscribers, operators, and the country at large.

Meanwhile, the Mobile Termination Rates of N3.90 (for Generic 2G/3G/4G Operators) and N4.70 (for new entrants – Long Term Evolution (LTE)/Small Operators determined in 2018) will continue to apply for local call terminations until the Commission makes a new determination.

 

 

Tags: NCCNCC issues new International Termination Rate (ITR)Reuben MuokaUmar Danbatta

Related Posts

We'll open on Saturday, Sunday for cash deposit, says FirstBank
Business

We’ll open on Saturday, Sunday for cash deposit, says FirstBank

January 27, 2023
Customs generates N229.4bn from vehicles import in 12 months
Business

Customs generates N229.4bn from vehicles import in 12 months

January 25, 2023
N370bn collected as stamp duty in six years, not N89trn - Emefiele
Business

N370bn collected as stamp duty in six years, not N89trn – Emefiele

January 25, 2023
NNPC says it's ready for N1.9tr road repairs, tasks truckers on safety
Business

NNPC says it’s ready for N1.9tr road repairs, tasks truckers on safety

January 25, 2023
N370bn collected as stamp duty in six years, not N89trn - Emefiele
Business

Emefiele: No going back on Jan 31st deadline for old Naira notes

January 24, 2023
N370bn collected as stamp duty in six years, not N89trn - Emefiele
Business

Old naira notes: CBN won’t shift deadline, Emefiele insists

January 24, 2023
Next Post
Oil wells: Wike asks Uzodinma to accept court judgment in good faith, promises accommodation for Imo

Wike blasts Ayu for being an 'ingrate', 'arrogant', tells him to resign

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business
  • Entertainment
  • Health
  • Inside Nigeria
  • Investigation
  • Lifestyle
  • Opinion
  • Politics
  • Southern Witness
  • Sports
  • The Nation
  • The News
  • World

Recent Posts

  • JUST IN: Oyetola wins as tribunal sacks Adeleke as Osun governor
  • Bolanle Raheem: Husband narrates how slain lawyer battled for life as hospitals refused treatment
  • Husband recalls intimate moment with wife, Bolanle Raheem before she was murdered
  • US court throws out Siasia’s appeal over FIFA ban
  • We’ll open on Saturday, Sunday for cash deposit, says FirstBank
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Copyright © 2022 The Witness Newspaper | All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • South Witness
  • World
  • Health

Copyright © 2022 The Witness Newspaper | All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.