NCC Removes Data Floor Price For Telecom Companies
The Nigerian Communications Commission (NCC) has announced its removal of data price control mechanism by abolishing its data floor price.
NCC said in a statement that the removal came because of a need to ensure the growth of the data sevice sector. The floor price simply means a minimum price which telecom operators cannot charge customers less than.
The price control mechanism was initially set up to check unhealthy competition and the NCC has insisted that it ” will restore the floor price if any distortion is observed within the market segment,”