Multichoice Nigeria said the court ruling does not favour free market economy policy.
The parent company of DSTV, has broken its silence following a Federal High Court ruling that prevents the Pay TV operator from executing its recent increase in DStv subscription fees.
The order was issued on Monday, August 21, in reference to Suit No FHC/ABJ/CS/894/18 presented before the court by the
Consumer Protection Council (CPC). The court order restrains the Pay Tv company going ahead with its newly increase price.
In a recent statement, Multichoice described the court ruling as an affront to free market economy.
The company said it received, on Thursday, an interim court order dated 20 August from the Federal High Court regarding the price adjustment that it implemented on 1 August 2018.
“We believe that the order is an affront to the free market economy and we have now filed a Notice of Appeal and an application for stay of execution, pending the hearing of the Appeal.
“The CPC has been accordingly served with the requisite processes. In light of the application for a stay of execution, the status quo therefore prevails,” the statement said.
The Increase In DSTV subscription Fees
According to the messages sent by the company to subscribers on July 9, subscribers on GOTV Max packag e are to pay 3,200 naira instead of the previous N3,800, while GOTV Plus, GOTV Value and
GOTV Lite subscribers will pay 1,900 naira, 1,250 naira and 400 naira, respectively.
However, price for the DSTV Premium package was increased from N14,700 to N15,800; Compact Plus from N9,900 to N10,650;
Compact from N6,300 to N6,800; Family from N3,800 to N4,000, and Access from N1,900 to N2,000.
However, the Pay TV company said it will always operate within the ambit of the law and will cooperate with the authorities to ensure the best outcome for its customers, as it remains committed to providing the best quality of entertainment and premium content at the best possible prices.