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.
In a statement on Saturday, MultiChoice said it received, on Thursday, an interim court order dated 20 August from the Federal High Court regarding the price adjustment that it implemented on 1 August 2018.
“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.
In light of the application for a stay of execution, the status quo therefore prevails,” the statement said.
MultiChoice had early July raised the subscription rate for the various bouquets on its pay television platform, the DStv.
However, on Monday, Justice Nnamdi Dimgba granted an injunction restraining the company from implementing the new rates.
The court also restrained Multi Choice from any conduct capable of interfering with the regulatory process of the Consumer Protection Council (CPC).
Implement new bouquet rates despite court order
But the pay television service provider has continued to implement its new bouquet rates despite the court order restraining the action.
In reaction, the Director-General of CPC, Mr Babatunde Irukera in a statement on Friday unveiled a special channel for receiving complaints for customers who could not renew their subscriptions at old prices.