Elon Musk’s internet company, Starlink, is facing possible penalties from the Nigerian Communications Commission (NCC) after raising its prices in Nigeria without getting approval from regulators. This price hike has caught the attention of many, and the situation has stirred debates in Nigeria's telecom industry.
What Happened?
Starlink recently increased its monthly subscription fees by 97%, raising the cost from ₦38,000 to ₦75,000. Additionally, the price of its hardware (the Starlink kit) also went up by 34%, jumping from ₦440,000 to ₦590,000. The company explained that “excessive inflation” in Nigeria was the reason for these drastic price increases.
However, there's a problem. According to Nigerian law, telecom companies can’t just change their prices on their own. They need to ask for permission from the NCC, the body that regulates the telecom industry. Starlink did file a request to raise its prices, but before the NCC could respond, the company went ahead and im...
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