The Federal Competition & Consumer Protection Commission (FCCPC) has said that actions are being taken regarding MultiChoice, a major satellite television service.
Speaking during an interview with Channels TV on Sunday, the acting Executive Vice Chairman of the Commission, Adamu Abdullahi said that the management of MultiChoice has submitted a four-page letter to the commission explaining reasons for the recent hike in the price of its products, beginning from May 1, 2024.
He said though the company remains a dominant provider of cable television in the country, the commission will not hesitate to wield its stick if the reasons are not justifiable.
He said, “Also, yesterday, we got a four-page letter from Multichoice telling us the reasons for the price increase. What we need to do is bring in the Nigerian Communications Commission, the sector regulatory agency and even the National Broadcasting Commission. we would look at the variables that caused the rise, At a glance, I saw things like the cost of electricity and, the cost of dollars for spare parts. We would go through these items individually and find out how they have affected their operations.
“At the same time, they are not supposed to do so because you are the only provider of the services in the market and abuse your dominant position in the market. And if by chance we confirm that it is what they are doing, we would go by the law and do what we are supposed to do.”