MultiChoice blames inflation for price increase on DStv and GOtv packages

MultiChoice has said that it would effect price adjustments on some DStv and GOtv packages from the September 1.

The decision was made after a careful consideration of the market and a review of its business operations, according to the company.

The Chief Executive Officer of the company, John Ugbe, said efforts were made to contain any price adjustments on subscription prices.

He noted that the company reviewed its prices while considering financial impacts, including inflation, increased content and operational costs, so they could continue to survive as a business and bring quality entertainment to customers.

He said, “To arrive at the decision to adjust prices, we took into account many factors, including the impact on the customer, current inflation, which stands at 12.82 per cent, the highest in 27 months, content costs and efficiencies within the company.

“Only the prices of some of the bouquets have been reviewed upwards while the lower bouquets have been left untouched.”

Ugbe assured customers that the company worked hard to keep the year’s tariffs manageable.

He added that Multichoice packages would continue to be available at varying pricing points to allow subscribers flexibility in price and choice without compromising quality or variety. Punch