TNM increases tariffs
MALAWIBy BiztechAfrica - July 24, 2012, 8:40 a.m.
By Gregory Gondwe, Blantyre, Malawi
Telecoms Networks Malawi (TNM) Limited has announced that it will be increasing base tariff by an average of 19.5% from August 1, 2012.
The TNM Standard prepaid tariff, which is nicknamed ‘Yaboo’, will be adjusted as follows: Calls during peak period from TNM subscriber to another TNM subscriber will be billed at 87 tambala per second which will be equivalent of MK52.20 while the off-peak period will be MK28.20 per minute. Calls during peak period from TNM subscriber to any other Malawi network will be billed at 108 tambala per second which will be equivalent of MK63.80. The off-peak period will be MK32.30 per minute.
The company says an SMS to any destination in Malawi will remain unchanged at MK10 per SMS and so will be the standard date tariff which will also remain unchanged at MK10.24 per MB.
“TNM will continue to offer affordable tariffs for international calls from as low as 70,” the company says. “All the tariffs for postpaid and Value Added Services will also increase, TNM will inform concerned customers directly to relevant changes.”
The company management says this tariff adjustment announcement is done ahead of time because the company believes in the rights of their consumers to be informed about any changes in tariffs.
“The changes will also be published in the newspapers and communicated through other media,” a statement only signed by ‘Management’ says.
It further states that the recent exchange rate adjustments and subsequent rise in the cost of utilities, goods and service resulted in a direct increase in major parts of our expenditure.
“It is essential for TNM to maintain the profitability of the business to support our continued investment program in Telecommunications infrastructure in Malawi,” the statement justifies the increment.
“It should be noted that TNM will be investing more that USD20 million per annum over the next 5 years, to expand our coverage and upgrading the older infrastructure. Therefore TNM must operate on the correct level of profitability to be able to fund these expansions,” it adds.
The mobile phone service provider says in the past two years it has consistently reduced tariffs, to the advantage of customers.
During the period from the year 2010, TNM to TNM calling tariffs have been reduced by 36% while tariffs for calling other networks have been reduced by 22%.
“TNM is proud of the fact that, during this period, our tariffs on most products were the most affordable in Malawi. TNM will continue to apply this strategy to give more benefits to subscribers,” says the company.
In order to palliate the effects of this hike, TNM says it will be launching very innovative products during the next few months, which will enable their customers to manage their cost of communication at affordable levels, while enjoying a high standard of services.
The company says its ‘Mtolo” range of products, where customers are advised to buy calling time bundles at lower prices, will continue to provide value for money to our customers with affordable tariffs.
“It is important for our customers to note that even after all the changes, the cost of a call between TNM subscribers during the peak period, calculated in USD, and has effectively decreased from USD25 cents in April 2012 to 19 US cents in August 2012,” says the company.
MORE MALAWI NEWS
Airtel Malawi licence renewedMacra has approved Airtel Malawi’s application to renew its operating licence. Read More
Airtel Malawi establishes new data centreAirtel Malawi has unveiled a new data centre in Malawi’s commercial capital, Blantyre, so doubling its capacity. Read More
Malawi govt wary of digital migration deadlineThe Government of Malawi has said it is wary of fulfilling its plans to migrate to digital by December 31. Read More
Southern Africa to benefit from Malawian innovationMalawian doctors have invented a computer based breathing technology expected to help thousands of children. Read More
Malawi starts selling music onlineMalawi has started selling and distributing Malawian music online for the first time. Read More
IFMIS resumes operationsOperations of the besieged Integrated Finance Management Information System have resumed, after it was shut down a month ago to stop millions in public money from being plundered. Read More
Malawi to review IFMIS ICT Security PolicyMalawian President Joyce Banda says her government will come up with an Integrated Financial Management Information Systems (IFMIS) ICT security policy, following the grand theft of billions. Read More
Malawi blames IFMIS for billions in lossesMalawi’s government, hit by the discovery of the looting of billions at Lilongwe Capitol Hill, has blamed the Integrated Financial Management Information System (IFMIS). Read More
Malawi drafts new ICT billMalawi has finished drafting new ICT Bill expected to completely overhaul its approach to ICTs. Read More
Malawi is ‘partly free’ on the net – Freedom HouseFreedom House’s 2013 edition of Freedom on the Net has established that Malawi is ‘partly free’ when it comes to internet Freedom. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHCorporate cyber security threats of the year
91% of organisations polled suffered a cyber-attack at least once in the past year, says Kaspersky Lab in its security review of 2013.
COMPANY NEWSSamsung, 49M embark on consumer educational drive
Samsung Electronics South Africa has announced a national consumer education campaign in support of the 49M initiative, offering practical actions to save energy in daily life.