One of the mobile service providers in the country, Telekom Networks Malawi (TNM) has reversed its earlier decision to hike prepared tariffs by 14 percent effective March 4, 2015.

The development comes barely two days after Consumers Association of Malawi Executive Director John Kapito wrote the company protesting the tariffs hike.

In the letter that Faceofmalawi have in possession addressed to the company’s Chief Executive Officer, Kapito blasted the reason given by the company for the adjustment, saying the argument is unjustifiable and he appealed for immediate suspension.

“Tnm would like to notify its customers that prepaid tariffs for voice and sms will remain unchanged until further notice,” reads the sms sent by TNM to its customers on Thursday afternoon.

Announcing the tariffs hike last week, TNM attributed the tariffs hike to the depreciation of the Kwacha by what they called 120 percent against other major currencies like the dollar.

But Kapito vehemently trashed the claims.

“The hike from our end as CAMA is pretty unjustifiable considering the recent developments in our economy where prices of fuel have reduced by 20% and the Kwacha has appreciated against the dollar.

“You have highlighted that rising operation costs have prompted your decision to hike the tariffs but we at CAMA are perturbed and wondering which costs,” complained Kapito.

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