Equatorial Guinea cuts tariff prices by half

Equatorial Guinea cuts tariff prices by half

The Equatorial Guinea government and operators have signed an agreement to slash telecom tariff prices by 50% on May 1, as the government looks to permanently reduce sky-high prices in the country. 

Equatorial Guinea is widely known for having the highest prices for connectivity globally. A 2021 study from Cable.co.uk found that 1GB of data in Equatorial Guinea cost around US$46.97. 

The nation’s vice president Teodoro Nguema Obiang Mangue stressed the discount is temporary and will continue as a permanent structure to pricing is agreed upon, reported Ecofin Agency. 

Operators that do not comply with the slashing of prices will lose their telecom licenses, warned Mangue.

The decision is a result of a preliminary agreement signed by the government, telecoms regulator Organo Regulador de las Telecomunicaciones (ORTEL) and state-owned infrastructure firm Gestor de Infraestructuras de Guinea Ecuatorial (GITGE) and the operators.

Equatorial Guinea has three mobile network operators in state-owned Guinea Ecuatorial de Telecomunicaciones Sociedad Anonima (Getesa), GreenCom (Muni) and GECOMSA.

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