MULTICHOICE REVERTS TO OLD PRICES

MultiChoice, owners of DStv and GOtv, has reverted to the old subscription prices following a court order mandating the pay television company to halt its move to hike prices.

It was revealed that the company has reverted to the old prices after subscribers paid the new rates for May 2024 after the new hike.

The company, which vowed to challenge the order of the Competition Consumer Tribunal (CCT), reported a decline in its subscriber base in Nigeria, where it lost over a million subscribers.

Subscribers are now required to pay N29,500 instead of N37,000 for the Premium package, and Compact+ package subscribers can now pay N19,800 instead of the new price of N25,000.

Compact Bouquet subscribers can now pay the previous rate of N12,500 instead of N15,700, while Confam package subscribers must pay the old price of N7,400 instead of the increased rate of N9,300 per month.

Yanga package subscribers’ prices have reverted to the old N4,200 per month instead of the new N5,100.

Padi subscribers will pay the former price of N2,950 instead of the N3,600 new price.

Others include N5,700 for GOtv Max, N3,950 for GOtv Joli, and N2,700 for the lowest package, GOtv Jinja, which subscribers will now pay from the new N3,300 rate.

It is still being determined if the company is also offering a month-free subscription as ordered by the court.

No official comments from MultiChoice to confirm the development, as the company’s officials could not comment on the issue.

According to reports, the company hiked its subscription prices to align with market realities following high inflation in Nigeria and the naira devaluation.