Multichoice Group, an African pay-TV operator, says its Nigerian subsidiary lost 243,000 subscribers across its DStv and GOtv services between April and September 2024.
In its financial result for the year ended September 30, 2024, published on Tuesday, MultiChoice said the high cost of food, electricity, and petrol has forced many of its customers to ditch their decoders.
The company said Nigeria and Zambia recorded the largest share of subscriber loss.
It added that the pressure on its subscriber base in Rest of Africa (RoA) operations continued from the previous year leading to a loss of 566,000 subscribers across the operations in the six months under review.