Pay TV operator, MultiChoice Nigeria, has described the court ruling restraining it from implementing its new subscription rates as an affront to free market economy.
The company's position was made known in a statement on Saturday.
MultiChoice said it received – on August 23 – an interim court order dated August 20 from the Federal High Court, regarding the price adjustment it implemented on August 1, 2018.
The company noted that it had filed a “Notice of Appeal and an application for stay of execution”.
The statement read: "We believe that the order is an affront to the free market economy and we have now filed a Notice of Appeal and an application for stay of execution, pending the hearing of the Appeal.
"The CPC has been accordingly served with the requisite processes. In light of the application for a stay of execution, the status quo therefore prevails.”
Multichoice restated its commitment to operating “within the ambit of the law”, just as it would cooperate with the authorities to ensure the best outcome for its customers.
It also said it remained “committed to providing the best quality of entertainment and premium content at the best possible prices”.