No Price Increase on DStv Bouquets — MD MultiChoice Nigeria

MultiChoice on Monday said that it would not effect a price increase on any of its DStv bouquets in April as usually done.It said, barring any further external economic shocks, it did not anticipate a price increase in 2016.
The company stated this in a statement it made available to our correspondent, saying that the subscribers, its biggest asset, were suffering, thus it had absorbed some of the “pains” associated with the rise in dollar exchange.
“It has been a tough year for Multichoice Nigeria. Our markets have suffered because of commodity and oil price weakness, coupled with the huge devaluation of local currencies. Most of MultiChoice’s costs are incurred in dollars forcing us to pass through price increases in 2015. Nevertheless, we continue to take financial strain,” the statement read.
The Managing Director for MultiChoice Nigeria, John Ugbe, signed the statement.