National Communication Act No. 24 CHAPTER IX PRICING AND FEES 59. Tariffs and Rates. The Authority shall annually study and approve the tariffs for communication services, the rates and fees for the allocation and licensing of frequencies, frequency bands, and postal services according to the procedures specified in the regulations issued under this Act. 60. Methods of Setting Public Communication Services Tariffs. Regulations issued pursuant to this Act shall specify methods of setting public communication service tariffs. 61. Bases and Criteria for Setting Public Communication Services Tariffs. (1) In setting the public communication service tariffs, the Authority shall take into account the following considerations: (2) 62. (a) tariffs are to be established on the basis of actual cost; (b) tariffs shall be fair and shall not operate in a discriminatory way amongst beneficiaries; (c) tariffs shall not be set at reduced prices with the intent of restricting competition; (d) tariffs shall generally comply with the guiding principles and criteria that are specified by the regulations issued under this Act. The Authority shall take into consideration overall compliance with the criteria set forth in sub-section (1) of this section when approving the public communication services tariffs. Principles and Criteria for Pricing Interconnection Services. The pricing of interconnection services shall be according to the following principles and criteria: (a) promoting direct negotiations between Licensees and encouraging agreement within the framework of the rules and guidelines issued by the Authority and in accordance with provisions of this Act; (b) pricing interconnection services on the basis of actual cost; (c) conforming to prescribed procedures, guiding principles and the criteria set forth in the regulations issued under this Act. 32