TNM tariffs rise 14%

Malawi Stock Exchange (MSE)-listed mobile telephone service provider TNM plc has announced an average 14 percent increase in tariffs effective May 1.

A published press statement indicates that TNM to TNM calls will be charged at K72 per minute while tariffs for calls to other networks have risen to K90 per minute.

Text messages will now attract a charge of K20 during peak periods and K14 off peak periods from around K10.

TNM has also explained that the tariff adjustment is due to high inflation in the cost of utilities, goods and services which have resulted in a corresponding increase in the company’s operating expenditure.

TNM says that it must maintain the profitability of its operations to support sustainable development of the telecommunications sector.

The company has noted that the tariff adjustments aim to keep pace with the financing needs while sustaining profitability.