The FCCPC has instructed MultiChoice Nigeria to maintain its subscription prices while an investigation into a proposed price hike is ongoing. MultiChoice must attend a rescheduled hearing on March 6, 2025, and address concerns regarding potential anti-competitive practices. The Commission is actively engaging with relevant regulatory bodies to ensure a fair market environment for consumers in Nigeria.
The Federal Competition and Consumer Protection Commission (FCCPC) has mandated that MultiChoice Nigeria retain its current subscription prices until the conclusion of an investigation into a proposed price hike. The directive was issued following MultiChoice’s request for additional time to prepare for its scheduled appearance before the Commission. MultiChoice is now required to participate in the rescheduled investigative hearing on March 6, 2025, and must bring its relevant officers and a detailed response.
The FCCPC has reiterated that MultiChoice must adhere to the price structure effective as of February 27, 2025, until a final ruling is made. This precautionary measure aims to protect consumers from potential adverse effects while the investigation is underway. The Commission’s actions were prompted by MultiChoice’s announcement of a subscription increase slated for March 1, 2025.
Concerns have been raised by the FCCPC regarding MultiChoice Nigeria’s patterns of frequent and unilateral price increases, which potentially suggest an abuse of market dominance and anti-competitive behavior within Nigeria’s broadcasting sector. Ondaje Ijagwu, the FCCPC’s Director of Corporate Affairs, stated that the Commission is actively engaging with sector regulators and other relevant agencies to foster a competitive digital subscription environment in Nigeria.
Ijagwu further expressed the Commission’s concern over the persistent price hikes faced by Nigerian consumers and noted accusations against MultiChoice regarding disparate pricing strategies in different markets. He emphasized that this situation raises critical issues about fairness in the marketplace. The FCCPC has also cautioned that should MultiChoice fail to provide a satisfactory explanation or exhibit violations of fair market practices, it may face regulatory penalties or sanctions designed to protect consumer interests. Further developments regarding the investigation will be communicated as they arise.
In summary, the FCCPC has ordered MultiChoice Nigeria to maintain its current subscription prices amid an investigation into proposed price increases. The Commission’s concerns focus on potential market dominance abuse by MultiChoice, prompting a thorough review before any changes can be made. Stakeholders in the digital subscription sector are urged to participate in discussions addressing fairness and competition, with MultiChoice facing potential penalties pending the investigation’s outcomes.
Original Source: businessday.ng
