Elon Musk’s Starlink has announced the suspension of its monthly service tariff hike for Nigerian users weeks after regulatory sanction by the Nigerian Communications Commission, NCC.
The company disclosed this in a statement to users on Thursday.
According to Starlink, the decision to put on hold the tariff hike was due to regulatory challenges.
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Explaining that the hike was on account of inflation and designed to help “maintain operations and continue delivering reliable service,” the company, on Thursday, however, said it temporarily suspended the new price regime due to regulatory challenges.
“If you’ve already been charged at the higher rate, a one-time credit will be applied to your account to cover the difference. You also have the flexibility to cancel your service at any time,” the company stated.
The Eastern Update recalls that last month, Starlink announced a 97 per cent tariff hike for monthly subscriptions from N38,000 to N75,000.
However, Nigeria’s telecommunications regulator, NCC, said in a statement on October 9 that Starlink increased the subscription tariff without its approval and vowed to sanction the company.
In the past months, mobile telecommunications operators in Nigeria had demanded a tariff hike but did not receive greenlight from NCC.
The naira appreciated consecutively against the dollar at the official foreign exchange market to close the week on a good note.
FMDQ Data showed that the naira gained slightly at ₦1600 per dollar on Friday from ₦1601.20 exchanged on Thursday.
Friday’s gain is the second time the naira has appreciated in the week under review.
However, the naira shed its value three times against the dollar this week.