The Clap
Phone service providers want to hike prices due to increasing operating costs.
What
According to Al-Arabiya, officials in mobile companies met with the National Telecom Regulatory Authority (NTRA) to discuss increasing prices for services, especially after costs increased by 40% on the back of the EGP’s devaluation.
So what
Telecom companies depend on the greenback to build & maintain its cell towers, which has seen its building cost double as a result of the EGP’s devaluation.
Now what
Telecom companies’ services have joined the list of goods & services whose prices were affected significantly, the most notable of which are aluminum, medicines & cars.
