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Lebanon to lower mobile prices in April February 4, 2009

Posted by aikservices in Financial, Lebanon, Mobile, Telecom, Wireless.
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The Lebanese government has reached an agreement to lower mobile calling rates in April. Telecommunications minister Jebran Bassil told a media briefing that the cuts will save the Lebanese USD 225 million annually, the Daily Star reports. But the minister did not expect a drastic fall in the revenues of the state-owned networks, as the price cuts are offset by an increase in subscribers thanks to planned capacity expansions. According to the new scheme, the monthly subscriptions for postpaid mobile cards will fall to USD 15 from the current USD 25 and the per-minute rate for postpaid users will drop to USD 0.11 from USD 0.13. The minister expects that more consumers will be encouraged to switch from prepaid to postpaid cards after the price cuts. More than 80 percent of the country’s mobile subscribers use prepaid cards. The price of a one-month prepaid card will drop to USD 25 from USD 45, while the cost of a one-minute call will fall to USD 0.36 from USD 0.50. 

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