Monrovia, October 19, 2024 – The Liberia Telecommunications Authority (LTA) has ordered a reduction in the price floors for voice and data. The price reduction is a temporary measure in response to market conditions pending the completion later this year of an ongoing LTA cost study.

The price floor for voice has been reduced from 1.56 cents to 1.30 cents per minute, while the price floor for data has been reduced from 2.18 tenths of a cent to 1.53 tenths of a cent per megabyte.  The price reduction for voice takes effect on 22 October while that for data comes into effect on 22 November.

The reduction in prices reflects the LTA’s commitment to safeguarding the interests of consumers while ensuring the competitiveness and sustainability of the telecommunications sector.

The price floors have been largely successful in restoring sector revenues and allowing operators to compete effectively. The soon to be completed cost study by international consultants with financing from the World Bank will provide evidence-based tools for the LTA to update its price floor determination.

The price floor if maintained and respected will enable the Service providers to invest more in expanding and improving their network coverage, which will improve quality of service and user experience.