Taiwan approves rate cuts

22 Dec 2006

Taiwan’s government has approved the first cut in the country’s phone tariffs for seven years. The National Communications Commission has given the green light to a proposed 5.35% cut in leased line rates which will be applied annually between 2007 and 2010, Dow Jones reports. Mobile tariffs will fall by 4.88% each year over the same period, although the cut will not be applied to 3G services. The NCC proposed the price drops in October, but operators responded by calling for the regulator to leave pricing to market factors.