The Nigerian Communications Commission (NCC) has withdrawn the “data floor price’’ for operators in the telecommunications industry.
With the withdrawal of the price, telecommunications industry now has the permission of NCC to charge subscribers lower than the set lowest industry prices.
“Floor price’’ is a government or group-imposed price control or the limit a price can be charged for a product to check unhealthy rivalry among players.
The regulatory body had in May 2013 imposed a price floor on telecommunications operators in the country as a means of controlling anti-competitive behaviours by operators considered to have attained the dominant status in the industry.
Such anti-competitive behaviours include charging calls within their networks much lower than what they charged for calls terminating on other networks.