MultiChoice, the leading satellite television provider in Nigeria, has been forced to readjust its subscription rates for DStv and GOtv users in the country.
The report had it that this move comes after a court order mandated the company to halt its recent price hike, which had led to a significant decline in its subscriber base.
The company had initially increased its prices, citing rising costs and inflation, but the move was met with widespread criticism from consumers and regulatory authorities.
The Competition and Consumer Protection Tribunal (CCPT) in Abuja subsequently ordered MultiChoice to revert to its old prices, pending the outcome of a full hearing on the matter.
MultiChoice has now complied with the court order, readjusting its subscription rates for both DStv and GOtv users.
The new rates, which took effect on June 16, 2024, see the DStv Premium package reduced from N37,000 to N29,500, while the Compact+ package has been reduced from N25,000 to N19,800.
Similarly, the Compact Bouquet package has been reduced from N15,700 to N12,500, and the Confam package has been reduced from N9,300 to N7,400.
GOtv subscribers have also seen their prices reduced, with the Super+ package now costing N12,500 instead of N15,700, and the Super package reduced from N9,600 to N7,600.
The GOtv Max package has been reduced from N6,300 to N5,700, while the GOtvJoli package has been reduced from N4,500 to N3,950. The GOtvJinja package has been reduced from N3,200 to N2,700.
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