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Tuesday, March 5, 2024

MTN, GLO, 9mobile, Airtel to boost call and data subscriptions

Telecommunication businesses under the auspices of the Association of Licensed Telecommunication Operators of Nigeria, ALTON, have advocated an increase in call and SMS charges.

This is to offset the rising cost of doing business in Nigeria. 

In a letter to Nigerian Communications Commission, the group complained that the cost of doing business in the nation had grown by 40%.  

According to the group, the telecoms industry has been severely damaged by the 2020 economic slump and the ongoing Russia-Ukraine war. 

They also stated that the conflict had resulted in a 35% rise in their operational expenditure owing to higher energy costs.  

“ALTON considers it expedient for the telecommunications sector to undergo periodic cost adjustments through the commission’s intervention in order to minimize the impact of the challenging economic issues faced by our members,” the association said. 

mtn

See also MTN Nigeria proposes a final dividend of N8.57 per share

ALTON suggested an “upward review of the price determination for voice and data and SMS. Given the state of the economy and the circa 40 percent increase in the cost of doing business, we wish to request an interim administrative review of the mobile (voice) termination rate for calls; administrative data floor price, and cost of SMS as reflected in extant instruments.” 

The pricing floor for calls would be also raised from N6.4 to N8.95 under this plan, while the price ceiling for SMS will be raised from N4 to N5.61.  

However, This development occurred as corporate groups continued to explore ways to survive the country’s difficult economic situation. 

Following the constant rise in the price of diesel at the pump, GTBank decreased its operating hours. In addition, First Bank of Nigeria shortened the hours of operation at certain of its locations.  

 

Chinaza Ogbachalu
Chinaza Ogbachaluhttps://www.chinazaogbachalu.com/
My name is Chinaza Ogbachalu, and I am a writer. I have been writing news and opinion articles for five years plus and have always had a passion for storytelling. I grew up in Nigeria and graduated from the University of Port Harcourt, Nigeria, with a degree in linguistics and communication studies. I have written books that have been well-received by critics and readers alike. My work often focuses on culture and lifestyle, and I draw inspiration from my own experiences and observations of the world around me. As a news writer, I am responsible for researching and writing engaging and accurate news stories for our online audience. I have a strong passion for current events and am skilled at conducting interviews and gathering information from sources. I am grateful for the support of my readers and am constantly humbled by their enthusiasm for my work. Thank you for taking the time to learn more about me and my writing.
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