Peruvian telecoms regulator Osiptel has approved a reduction in mobile termination rates (MTRs). On average, Peru’s three cellcos – Telefonica (Movistar), America Movil (Claro) and Nextel – will cut termination charges by 14% from this October, by 16.4% in 2011, by 19.6% in 2012 and by 24.6% in 2013. The watchdog says that the lower MTRs will lead to a reduction in end-user prices. According to Guillermo Thomberry, Executive President of Osiptel, the fall in costs will result in a 30% increase in mobile traffic. Additionally, earlier this month Peru’s communications ministry claimed that end-user mobile tariffs will drop by 36% to 53% with the implementation of the Mobile Virtual Area eliminating the usage of national long-distance codes, which comes into force on 4 September 2010.