Ofcom, the telecoms regulator, has advised that the cost of Mobile Termination Rates are being reduced.

Mobile Termination Rates ( MTRs )  are charges that UK mobile operators make each time a phone user connects a voice call to each others' mobile network and this makes it cost much more than it should.

Last year Ofcom ruled that UK mobile operators were able to charge from 4.3p per minute to 2.5p as from April 2011 with the price coming down each April to 0.5p in 2014.

The idea behind these changes is that mobile operators should only be able to charge a fee reflecting the true cost of that service, not an inflated fee.

The cost savings mobile phone users can expect can be seen below as can the timescales for the reductions. The Ofcom chart above gives a visual of the changes.

The full Ofcom ruling can be seen here.