'Yes, we have increased our rates' - Multichoice confirms new DStv, GOTV subscription prices

Multichoice, the parent company of Digital Satellite Television (DSTV) and Go Television (GOTV), recently announced a subscription price review.

The reviewed price list showed a 20% hike in the company’s packages across the board for its customers.

Punch reports that the company said the changes in prices were due to the rise in the cost of business operations.

The source quoted said:

"Yes. We have increased our rates. We buy content in dollars but earn in naira. If we take off a channel or stop acquiring content that our customers are used to, we will be slammed.

“We buy diesel. We pay taxes. Even before this year, with the dollar and fuel subsidy removal. We pay billions in licensing fees. We operate several offices. We have to pay staff.”