Subtel cuts Movistar fixed line tariffs

19 Feb 2015

Chilean telecoms watchdog Sub-Secretaria de Telecomunicaciones (Subtel) has set new rates for Movistar’s fixed line calls, lowering prices by 74%. Decree No.77 determined the prices for fixed line calls until 2019 and lowered tariffs for calls from fixed lines to mobiles from CLP73 (USD0.12) per minute to CLP13.9, whilst charges for local calls were cut from CLP14.9 per minute to CLP5.39. The watchdog added that the prices would be reduced further in 2018 and 2019, such that the overall tariff cut for the period would be 84%.