In a statement in Lagos on Monday, the Commission said that “However, the commission will restore the floor price if any distortion is observed within the market segment,’’ it said.
With the withdrawal of the price, telecommunications industry now has the permission of NCC to charge subscribers lower than the set lowest industry prices.
The regulatory body had in May 2013 imposed a price floor on telecommunications operators in the country as a means of controlling anti-competitive behaviours by operators considered to have attained the dominant status in the industry.
Such anti-competitive behaviours include charging calls within their networks much lower than what they charged for calls terminating on other networks.
With this, the operators might just be setting up calling clubs – a practice where subscribers just call those within the network of their own service providers.