The European Union has recently announced a maximum mobile termination rate of EUR 0.2 cents per minute - to be applied across the EU on a "benchmarking basis". 

This takes me back to pre 2002 and the introduction of the European telecoms regulatory package which saw mobile termination rates set on a European benchmark level.  

Following the 2002 package, I remember (with fondness) the 2002-04 period working for a UK-based MNO arguing against mobile termination being an economic market, the importance of waterbed effects and the appropriate mark-up methodology. How we argued that 3.88ppm plus EMPU (so well over 5ppm, from memory) was too low. Now it looks positively high compared to under €0.002 ppm. 

Does this mean the end of regulatory costing for mobile operators?