MultiChoice has proceeded with price increases for its DStv and GOtv services, defying an FCCPC ruling against the hikes. These increases, effective March 1, 2025, led to the FCCPC inviting MultiChoice’s CEO for a hearing on March 6, 2025. The company has reported significant subscriber loss and a steep decline in revenue from Nigeria.
MultiChoice has defied a ruling from Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) regarding price increases for its DStv and GOtv services. Despite the FCCPC deeming these price rises unacceptable, MultiChoice proceeded to implement the increases effective March 1, 2025, after initially seeking to maintain previous subscription rates while discussing the issue. The FCCPC has subsequently summoned MultiChoice’s CEO for an obligatory hearing concerning the price hikes scheduled for March 6, 2025.
The commission’s concern arises from the significant drop in subscriber numbers, as highlighted by MultiChoice’s report indicating that approximately 243,000 Nigerians discontinued their subscriptions between April and September 2024. This decline correlates with a reported 30.77 percent decrease in subscriber income from Nigeria for the fiscal year ending in March 2024. The FCCPC has granted MultiChoice an extension for its required appearance but insists on comprehensive responses from the company’s officials at the upcoming hearing.
In summary, MultiChoice’s recent price increases for its pay-TV services have faced regulatory scrutiny from Nigeria’s FCCPC. Despite being advised against the rises, the company implemented them regardless. The upcoming hearing on March 6, 2025, will further address these concerns amidst declining subscriber numbers and revenue in the region.
Original Source: www.advanced-television.com
