Telecom Rates: We have been Reducing Tariffs Since 2007- MTN CEO
Despite the macroeconomic challenges facing telecoms operators, tariff has consistently crashed by 67 per cent since 2007.
This is according to the Chief Executive Officer of MTN Nigeria, Mr. Ferdinand Moolman,Moolman, made this disclosure while speaking at the Senate Hearing on Data Price Floor in Abuja yesterday, said the need for regulators to review development such as the data price floor in the industry was a necessary regulatory tool to ensure competition in the industry.
He, however, noted that a number of factors continued to constitute constraining factors in the effort by telecoms’ companies to contribute to national socio-economic development, especially for the industry’s sustainability even as the service cost has consistently declined in the face of increasing capital expenditures.
“Despite these macroeconomic challenges, telecom tariffs have declined significantly to the tune of about 67 per cent between 2007 and 2016 and data prices are among the lowest on the continent.
“With this in mind, MTN looks forward to the cost study as confirmed by the NCC and remains committed to working with the regulator and the industry to ensure fair value and fair competition in the Nigerian market,” he said. He, whoever, identified a number of factors that impact the sector’s sustainability.
These, he noted, include the rise of headline inflation to about 17.9 per cent and the depletion of operator revenues by unlicensed providers of ‘over-the-top’ telecoms services who do not have any physical presence; nor pay any tax; nor make any significant contribution to employment or other socio-economic objectives of government in Nigeria.