Elon Musk’s Starlink increases subscription rates

Satellite internet provider, Starlink, has announced an increase in its monthly subscription rates.

According to a message sent to its customers on Tuesday, the company said the hike in rates will affect both current and new customers.

It said the standard residential package will now go for ₦75,000 while mobile regional (roam unlimited)’s new price is ₦167,000 and mobile global (global roam) package is ₦717,000.

The new rates, according to message, is effective immediately for new customers, and beginning October 31, 2024, for existing users.

The company attributed the hike to “excessive levels of inflation,” which has made it necessary to adjust service fees in line with economic realities.

“Your monthly service price will increase in one month, starting from 31 October 2024. For new customers, the price increase takes effect immediately,” the message read.

The company added that customers who no longer wish to continue with the service can cancel at any time without any penalties.