MultiChoice said the price adjustment arrived at after careful consideration of the market and a review of its business operations.
Chief Executive Officer, John Ugbe, said: “We have made efforts to contain any price adjustments on subscription prices. However, to ensure the sustainability of the business, we have to consider financial impacts, including inflation as well as increased content and operational costs.
“As such, we have reviewed the prices of some of our bouquets in other to survive as a business and bring quality entertainment to our customers.
“To arrive at the decision to adjust prices, we took into account many factors. They’re the impact on the customer, current inflation, content costs and efficiencies within the company.”
Ugbe said the packages will continue to be available at varying pricing points. Which will allow subscribers flexibility in price and choice without compromising quality or variety.