MultiChoice, the parent company of DStv and GOtv, has been compelled by a court order to revert to its previous subscription prices. The court ruled that the recent price hikes, which were implemented to counteract high inflation and the devaluation of the naira, were unjustified. Reports indicate that MultiChoice has experienced a substantial loss of
MultiChoice Reports $222m Loss, Declares Technical Insolvency
Multichoice has just recorded the worst financial performance in the company’s history. MultiChoice’s financial statements for the year ending 31 March 2024 has revealed a significant downturn, with the company recording a R4.1 billion (about $222 million) loss and becoming technically insolvent. This marks the worst financial performance in the company’s history. MultiChoice suffered a
Tribunal fines Multichoice N150m, orders free one-month DStv, GOtv subscriptions
A competition and consumer protection tribunal (CCPT) has fined Multichoice Nigeria N150 million for challenging the court’s jurisdiction. In a ruling on Friday, the tribunal ordered the company to provide one-month free subscriptions on DStv and GOtv, for Nigerians. On April 24, Multichoice Nigeria announced an increase in the cost of subscriptions for its DStv
Multichoice ignores court order, proceeds with hike of DSTV, Gotv packages
Multichoice Limited has proceeded to increase packages price for DSTV and GOTV as announce on Wednesday last week. Recall that on April 24, the company announced that it would increase its price for its DStv and GOtv cable services, beginning from the first of May. Meanwhile, a competition and consumer protection tribunal (CCPT) in Abuja ruled that
Multichoice Hikes Subscription Prices On DSTV, GOTV
On Wednesday, Multichoice Nigeria revealed an additional hike in the cost of the DStv and GOtv bundles. The corporation announced that the new rates will go into effect on Wednesday, May 1, 2024, in a statement. In the new price list for DStv, Premium bouquet, the price moved from N29,500 to N37,000; Compact+ from N19,800
MultiChoice Makes U-turn, To Air All AFCON Games
MultiChoice Group, the parent company of DStv and GOtv, has announced that its channels will air games of the forthcoming African Cup of Nations (AFCON). According to TheCable, SuperSports will broadcast all 52 games of the competition billed to kick off on Saturday. The insider added that although the broadcasting rights are “non-exclusive”, the matches
Multichoice (DSTV) sets to break African hearts ahead of #AFCON
The Multichoice, the owner of DSTV & GOTV has made a pronouncement that they wouldn’t be televising the #AFCON which starts on the 13th of January, 2024. This singular news has devastated many Nigerians that have been waiting to watch the prestigious tournament on their platform. See the reasons below.. Multichoice confirms @DStv will not show
Multichoice Increases DSTV & GOTV Subscription Rates
Multichoice Increases DSTV & GOTV Subscription Rates For The Third Time In 2023 As Naira Further Dwindles In Value. This is becoming increasingly unattainable to most Nigerians, especially the low income earners. See the current rates.. How many Nigerians can still afford this currently amidst the Naira woes? DSTV Subscription has passed minimum
Federal High Court comes after Dstv
The Abuja Division of the Federal High Court, on Monday, stopped Multichoice Nigeria Limited from proceeding with its decision to increase DSTV subscription tariff. The court, in a ruling by Justice Nnamdi Dimgba, issued the restraining order based on a suit that was lodged by the Consumer Protection Council, CPC. CPC had in a
Tstv Writes Open letter To Nigerians, Sets New Date for Opening
Tstv has really disappointed many Nigerians who had serious faith in them hoping they would bridge the high monopoly gap in the digital tv rights in Nigeria. Unfortunately it didn’t happen as they almost died before being born. However, their management has written a long epistle to Nigerians in a bid to reassure them