Hungarian government wants telecom service providers to stop raising prices - DailyNewsHungary

According to the minister, the government wants to reduce and stop price increases in the telecommunications sector.

But he also strongly believes in voluntary price restrictions by service providers.

Hungarian government wants telecom service providers to stop raising prices - DailyNewsHungary

Telecommunications service fees are unacceptably high, therefore, the government expects service providers to restrict prices, National Economy Minister Márton Nagy said in a video message posted on Facebook on Friday. Internet, television and mobile phone service fees rose by close to 16pc in the first two months of the year, the minister said. That is quite steep, he added. The service providers are set to increase prices further from April, w…

The government is taking action against price increases in the telecommunications sector after service providers raised their fees by an average of 16 percent in January and February. Minister of National Economy Márton Nagy announced that service providers have one week to submit proposals to curb price increases, Márton Nagy announced on Facebook.

The current guest of the Day was André Palóc, spokesman of the Ministry of National Economy, who commented on these topics: margin stop, inflation moderating, audit results so far, Telekom companies.

The government expects telecommunications companies to cap prices, and if they don't do so, this year's price increases will have to be reversed. We've calculated what this could mean for customers and for companies.