Joao Rezende, the president of Brazil’s national telecoms regulator Anatel, has said that the watchdog is considering a further cut in mobile termination rates, which could take effect from January 2013. In February this year Anatel launched the phased reduction of tariffs over three years, with cuts of around 20% per annum. However, the country’s minister of communications, Paulo Bernardo, is said to be keen on an even bigger cut. With the current rate of BRL0.45 (USD0.22) per minute set to reduce to BRL0.31 per minute, Bernardo is understood to consider that the lower figure is still too high. Given that, in Rezende’s estimation, around 80% of all mobile calls placed in Brazil are still on-net, it would appear that more could be done to reduce mobile termination rates (MTRs).