The economic challenges facing the telecommunications sector have sparked vigorous debates among industry giants. Major telecom operators are raising concerns about price regulation, arguing that current policies do not align with economic realities.
Leading telecom entities, including the Association of Authorized Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON), recently issued a joint statement on this matter. They emphasized that service prices have remained unchanged for the past 11 years due to regulatory restrictions, posing a threat to industry sustainability and investor confidence.
These industry leaders stress the need for a pricing framework that reflects the sector’s liberalization and deregulation objectives. They are apprehensive that the existing price control mechanisms could undermine the industry’s stability and deter investor interest. Despite economic challenges, telecom companies have refrained from adjusting their pricing structures, citing regulatory impediments.
Furthermore, the operators express concerns about escalating security issues impacting service efficiency. They urge the government to engage in constructive dialogues with industry stakeholders to address pricing challenges effectively. The operators advocate for a balanced pricing framework that ensures consumer accessibility while supporting operators’ financial viability.
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