MultiChoice, the owner of DStv and GOtv, has been forced to revert to its old subscription prices following a court order.
The company had previously increased its prices, but the court ruled that the hike was unjustified.
According to reports, the company has lost over a million subscribers in Nigeria due to the price increase.
The price hike was implemented to align with market realities following high inflation in Nigeria and the naira’s devaluation.
READ ALSO: Court orders Multichoice to give Nigerians free DSTv, GOTv subscription
The old prices are as follows: DStv Premium package: N29,500 (down from N37,000); DStv Compact package: N19,800 (down from N25,000); DStv Compact Bouquet: N12,500 (down from N15,700); DStv Confam package: N7,400 (down from N9,300); DStv Yanga package: N4,200 (down from N5,100); DStv Padi package: N2,950 (down from N3,600).
GOtv subscribers will also see a reduction in prices, which is as follows: GOtv Super+ package: N12,500 (down from N15,700); GOtv Super package: N7,600 (down from N9,600); GOtv Max package: N5,700; GOtv Joli package: N3,950; GOtv Jinja package: N2,700 (down from N3,300).
It is not clear if MultiChoice will also offer a month-free subscription as ordered by the court. However, the company has vowed to challenge the court order, saying it does not favour its business model.