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Tag: MultiChoice

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MultiChoice Nigeria’s subscriber revenue drops 30% amid price hikes

MultiChoice Group, the parent company of MultiChoice Nigeria, reported a 30.77 percent decline in subscriber revenue from Nigeria for the fiscal year ending March 2024. Despite two price hikes, revenue fell to $341.72 million (6.3 billion rands at 18.44 rands to the dollar), down from $493.59 million (9.1 billion rands) the previous year. The firm […]

MultiChoice denies DStv, GOtv subscription prices claims
News

Multichoice to appeal court ruling on N150m fine, free subscription

Multichoice Nigeria has announced that it will appeal Friday’s verdict by the Competition and Consumer Protection Tribunal, CCPT, which imposed a N150 million fine for contesting the court’s jurisdiction. This follows the ruling of the Competition and Consumer Protection Tribunal for contesting the court’s jurisdiction, which fined Multichoice Nigeria N150 million for disregarding its orders. […]

MultiChoice denies DStv, GOtv subscription prices claims
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Multichoice fined N150m over DSTV, GOtv price hike

Multichoice Nigeria has been fined N150 million by the Competition and Consumer Protection Tribunal for contesting the court’s jurisdiction. Additionally, the business was directed to give Nigerians a complimentary one-month subscription to both DStv and GOtv. The tribunal had already barred Multichoice from increasing membership rates without providing the required notice, according to TVC. This […]

MultiChoice denies DStv, GOtv subscription prices claims
News

Multichoice ignores court order, continues with DSTV, Gotv subscription hike

Pay TV provider, Multichoice Nigeria has proceeded with its plans to increase prices for DStv and GOtv subscribers, despite a recent court ruling temporarily prohibiting such actions. The company announced on April 24th its intention to hike prices for its cable services, effective from May 1st. However, a competition and consumer protection tribunal in Abuja […]

News

Tribunal stops Multichoice from raising DStv, GOtv tariffs

The Competition and Consumer Protection Tribunal in Abuja on Monday issued an interim injunction retraining Multi-Choice Nigeria Limited from raising its tariffs and the costs of its product packages, scheduled to start on 1st May. VANGUARD reports that, in response to an ex parte motion moved by the appellant Festus Onifade’s lawyer, Ejiro Awaritoma, a […]

News

Multichoice blames FX shortage for DStv, GOtv subscription hike — FCCPC

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission, Dr. Adamu Abdullahi has said that Multichoice, an international Pay Television company has attributed its recent hike in the cost of Subscription for its DStv and GOtv in Nigeria to the inadequate supply of foreign exchange. This disclosure was made by Abdullahi […]

News

Multichoice Nigeria hikes DStv, GOtv subscription prices

Multichoice Nigeria, a Pay-TV operator, has announced a hike in the price of its DStv and GOtv packages This follows the initial price review implemented on May 1, 2023. The latest price hike shows that the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while […]

Canal+ aims for increased stake in MultiChoice
Business

Canal+ aims for increased stake in MultiChoice

After a decision by South Africa’s Takeover Regulations Panel, Vivendi’s French media business, Canal+, has declared its unwavering desire to purchase further shares of the pay-TV giant MultiChoice by April 8. The Times recorded that, because Canal+ owns 35.01% of MultiChoice, the panel ordered it to disclose its clear intention, so requiring a forced offer. […]

Canal+ aims for increased stake in MultiChoice
Business

MultiChoice to pay FIRS $37.3m as tax settlement

The largest pay TV company in Africa, MultiChoice Group, announced on Thursday that a tax issue involving one of its subsidiary companies and Nigerian tax authorities had been resolved. A tax payment of approximately $37.3 million is required as part of the settlement. Recall that in 2022, MultiChoice Nigeria’s accounts were frozen by the Federal […]

Trariff hike: Produce financial report, tribunal orders Multichoice
Business

Naira devaluation: Multichoice records $72.4m net loss

MultiChoice Group Ltd. has announced a third straight semi-annual loss of 1.32 billion rand ($72.4 million) for the six months that ended on September 30 The biggest pay-TV provider in Africa blamed the financial setbacks on ongoing power disruptions in South Africa and problems with foreign exchange in Nigeria in a filing on Wednesday. The company claimed that the […]

Nigerians lament frequent pay-TV subscription hike
Business

Nigerians lament frequent pay-TV subscription hike

Customers have lamented as the parent firm of DStv, MultiChoice Nigeria, recently started implementing yet another regime of price increases across all of its different packages. According to The Punch, in April, the business announced an increase in the cost of its bouquets, claiming the need to reflect current economic conditions. This statement was made […]

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