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Colombia Telecom Regulator Slashes Mobile Connection Fee by 51%

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BOGOTA (Dow Jones) Colombia's telecommunications regulator, CRT, said late Wednesday it has cut the maximum connection fee mobile operators are allowed to charge for calls made to their networks by rivals' customers.

CRT set the new maximum fee mobile operators can charge to rivals to carry out calls to their networks at 123.74 Colombian pesos ($0.06) per minute, down from COP250 currently, the CRT said in a statement.

The fee reduction seeks to boost competition among operators and promote investment in the sector, Lorenzo Villegas, director of CRT, said in the statement.

Three mobile telephone operators compete in the 29-million-line Colombian market.

Comcel, the Colombian unit of Mexico-based America Movil, controls about 65% of the market, while Spain's Telefonica controls 26%.

Colombia Movil, the local unit of Millicom International Cellular, is third with 9.1% of the market.

-By Diana Delgado, Dow Jones Newswires; 571-600-1980; diana.delgado@dowjones.com

(END) Dow Jones Newswires

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Tags: telefonica  compete  millicom international  millicom  Colombia