Mobile phone operators in the country have engaged the National Telecommunication Commission (NATCOM) about plans to increase the price of Top up Cards to Le 4000.00 and above for 100 units due to the current exchange rate as a result of the depreciation of Leone.
The recent price increment on Top Up cards by mobile operators was initiated to compliment the company’s running cost of their operations across the country, which largely depends on the exchange rates in the market.
However, the mobile operators have earlier demanded that, they plan to increase top up cards to Le 4,500.00 but with the intervention of NATCOM they have resolved to make the increment on top up cards not above Le 4,100.00.
According to the Public Affairs Officer of NATCOM Abdul Kuyateh, the price increment of top up cards is expected to take effect this Friday, after several negotiations with the mobile operators, he said the operators are at liberty to make increments but that it should not exceed the stipulated amount of Le 4,100.00 Kuyateh said NATCOM as a regulatory body wants to ensure stability in the market by protecting both the service providers and the consumers for a win – win situation, noting that mobile operators should work according to the confines of the rules and regulations of NATCOM.
Subscribers and retailers spoken to have expressed shock and dismay over the planned increment on top up prices stating that it will add more financial burden on the subscribers and likely affect other services provided by the mobile operators.
Top up price increments is the latest price hike in the market as several goods and services have recently increased due to the staggering economic situation in the country. It could be recalled that prices for top up cards was increased late last year.
By Saidu Bah