November 04, (THEWILL) – Pay-TV operator, Multichoice, has announced new rates for its DStv and GOtv package offerings in Nigeria, with hikes of at least 19 per cent across all bouquets.
The new development comes just five months after it announced and implemented a similar upward review of prices for its subscribers in Nigeria.
In a statement to subscribers, Multichoice said the new prices will take effect on Monday, November 6, 2023.
It said the latest price increase was due to “rising costs in all aspects of our business, including content acquisition, infrastructure maintenance, and operating expenses.”
The company also attributed the increase to “the current economic challenges in Nigeria,” which include high inflation and a weak naira.
The new prices for DStv packages are as follows: Premium: N29,500 (+20%); Compact+: N19,800 (+19%); Compact: N12,500 (+19%); Confam: N7,400 (+19%) and Yanga: N4,200 (+20%).
For GOtv packages, the new price for Supa Plus increases to N12,500 (+19%); Supa: N7,600 (+19%); Max: N5,700 (+19%); Jolli: N3,950 (+19%) and Jinja: N2,700 (+20%).
“We understand the impact this change may have on our valued customers and partners, but the rise in the cost of business operations has led us to make this difficult decision.
“It remains our mission to provide the best entertainment and viewing experience to our valued customers and are committed to continue to deliver high-quality content and unparalleled service to our customers,” the statement added.
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