Pay TV operator, MultiChoice Nigeria, has described the court ruling restraining it from implementing its new subscription rates as an affront to free market economy. The company’s position was made known in a statement released yesterday.
MultiChoice said it received, on Thursday, an interim court order dated August 20 from the Federal High Court regarding the price adjustment that it implemented on August 1, 2018.
The statement reads in part: “We believe that the order is an affront to the free market economy and we have now filed a Notice of Appeal and an application for stay of execution, pending the hearing of the Appeal.
“The CPC has been accordingly served with the requisite processes. In light of the application for a stay of execution, the status quo, therefore, prevails.”
The pay TV firm said it would always operate within the ambit of the law and cooperate with authorities to ensure the best outcome for its customers, as it remains committed to providing the best quality of entertainment and premium content at the best possible prices.