"But we would like to get a consensus before implementing it.
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We would not want the operators to go to court after the decision. For more than two and a half year we have kept out of courts."
Sri Lanka telecom sector was gripped in a deadly price war after the regulator approved the entry of a fifth operator, India's Bharti Airtel. Existing operators started a street fight even before Airtel launched its operations.
"Merely competing on price is not a satisfactory situation," Kariyapperuma said.
"We would like them to offer value-added services."
Sri Lanka now has a 'sender keeps all' interconnection regime which the larger operators claim is allowing smaller firms to 'dump' calls for termination in their networks, which have larger customer bases.
A 60 cents per minute interconnection rate would also effectively set a 'floor' price per minute.