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28 Vodafone Group Plc Annual Report 2007
Regulation
continued
three years which are significantly higher than the NRA’s proposals. For
Vodafone Turkey, rates of YTL 0.1737 for the 2007 financial year, YTL 0.165
for the 2008 financial year and YTL 0.16 for the 2009 financial year were
agreed and, for Turkcell, a rate of YTL 0.16 until the 2009 financial year was
agreed. The NRA announced further rates which it intends to apply from
1 March 2007, being YTL 0.145 for Vodafone Turkey, YTL 0.136 for Turkcell
and YTL 0.167 for Avea.
The Turkish Government has stopped the conduct of an auction of 3G
mobile licences, originally intended for 25 May 2007.
US
The Federal Communications Commission (“FCC”), the United States’ NRA,
commenced a Notice of Inquiry in 2004 into the level of termination rates
charged by foreign mobile network operators to US international operators.
The FCC sought inputs on the status of foreign mobile termination rates,
including actions taken to date by foreign regulators to address the issue.
This proceeding remains pending.
China
The timing and terms of 3G licence awards, and related changes to the
telecommunications regulatory framework, are currently under review by
the Chinese Government.
France
In its review of the call termination market, the NRA concluded that all
mobile network operators have SMP and imposed obligations of cost
orientation, non-discrimination, accounting separation and transparency. It
has set a price cap for Vodafone’s associated undertaking, SFR, of
7.5 eurocents per minute from 1 January 2007.
The NRA has found all mobile network operators to have SMP in a new
market, the market for wholesale SMS termination, and has imposed a price
cap for wholesale termination of no greater than 3 eurocents per minute for
SFR and Orange and 3.5 eurocents for Bouygues.
In March 2007, the Minister responsible for electronic communications
launched a call for tenders for a fourth 3G licence. The deadline for
applications is 31 July 2007. The fourth licence will contain a right for the
licensee to request some 2G spectrum. This could have an impact on the
timing of refarming as current 2G spectrum assignments may need to be
revised.