Elon Muskâs the satellite internet firm Starlink has temporarily halted raising its monthly subscription fee for its Nigerian customers.
The change occurs almost a month after the internet provider raised the monthly subscription fee for its regular package (residential) from N38,000 to N75,000, a 97.37% rise.
Additionally, the Starlink hardware’s price went from N440,000 to N590,000.
The Nigerian Communications Commission (NCC) said that the corporation did not obtain its consent prior to examining its subscription after the rise.
NCC claims to have started a pre-enforcement action against Starlink.
Starlink informed consumers on Thursday that it has chosen to halt the hike because of regulatory issues.
Additionally, TheCable reported that Starlink had changed its normal home plan from N167,000 to N38,000 and its mobile regional plan from N167,000 to N50,000 on its website, but that its hardware was still priced at N590,000.
TimesNow.com.ng earlier reported that MTN Nigeria, the nation’s largest telecom provider, has stressed the critical importance of the telecom industry returning to profitability to remain sustainable.
MTN CEO Karl Toriola revealed this on Monday, October 21, 2024, during a visit by Fellows of the Media Innovation Program to MTN’s facilities in Ibeju-Lekki, Lagos.
The MTN CEO identified the industry’s recent large losses and stated that quick action is required to buck the trend.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
