MTN, Airtel, Glo, and Other Major Telecom Operators Announce Plans for Data and Call Tariff Hike

In response to the prevailing economic conditions in Nigeria, major telecommunications companies including MTN, Airtel, Glo, and others are gearing up to implement tariff increases for both voice and data services. The imminent changes stem from a comprehensive cost-based study conducted by KPMG under the auspices of the Nigerian Communications Commission (NCC), which is nearing completion.

The study, aimed at evaluating the economic landscape and recommending suitable pricing structures, has highlighted various pressures impacting the industry. These include soaring diesel costs and the depreciation of the national currency, which significantly affects equipment imports.

Telecom officials, speaking on the condition of anonymity, underscore the urgency of the tariff adjustments, emphasizing the potential risks to the viability of telecom businesses if delays persist. They stress that with the majority of costs denominated in dollars and earnings in Naira, tariff revisions are essential for sustainability, especially given the relentless devaluation of the local currency. CONTINUE READING.....

Industry sources reveal that despite previous regulatory hesitations, the NCC has recognized the critical need for tariff adjustments to safeguard the telecom sector's survival. The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has been a vocal advocate for tariff hikes, citing escalating operational expenses and the need for pricing structures to reflect macroeconomic realities.

The regulatory framework, guided by the Nigerian Communications Act (NCA) 2003, empowers the NCC to oversee tariff regulation, ensuring fairness, healthy competition, and sustainability within the industry. The Commission's commitment to transparent cost-based studies underscores its mandate to protect consumer interests while facilitating a conducive business environment for operators.

Against the backdrop of soaring inflation rates exceeding 29.90% in January 2024, consumers across Nigeria are grappling with higher prices across various sectors. The telecom sector, which has remained relatively insulated from pricing adjustments, now faces the imperative of aligning tariffs with prevailing economic conditions to ensure operational viability and service quality. CONTINUE READING.....

In conclusion, as telecom operators brace for tariff adjustments, stakeholders anticipate the NCC's clearance based on the forthcoming KPMG study. The proposed tariff hikes, while reflective of economic realities, signify a pivotal juncture for the telecom industry as it navigates evolving market dynamics and regulatory imperatives.

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