Monrovia-The latest Price Floor by GSM regulator, the Liberia Telecommunications Authority (LTA), has left many people in the country to restrict their calling and browsing.

The new registration has made many people who normally enjoy it to connect with with family and friends complaining after they started experiencing it on Sunday. It has made Many people to call their family and friends or even post on social media to tell them their online schedule. In a Facebook post below, this individual explained his/her schedule online.

The new regulation takes effect on the 1^st of September, according to LTA.

“This is an intervention to calls by mobile network operators (MNOs) to stop their PREDATORY PRICING WARS which have restrained sector growth and dropped revenue significantly over the last few years. Our market research indicators showed the sector’s instability and anti-competitive behavior was a major factor”. Says LTA

The head of the Liberia Telecommunications Authority Ivan Brown told Journalists, “mobile network operators have been forced into selling packages to OUTDO each other with offers below market cost thereby creating market instability. He mentioned that the promotional packages have been popular but at the cost of diminishing revenue to providers which hinders innovation, stalls infrastructural development nationwide and reduces the quality of service.

Mr. Brown noted, the LTA was compelled to intervene by stopping what he calls price wars and restore viability.

The network regulator said, the new pricing, voice packages will now have a minimum floor price of one point five-six cents per minute (0.0156) on each call provided in packages to customers by their mobile network operators (MNO).

LTA further stated, data packages will now have a minimum Floor Price of two-point eighteen cents (0.0218) per Megabyte (MB) of data provided to customers by their MNO.

According to the LTA, the model used for the new floor pricing was developed in 2009 and known as the Long Run Incremental Cost Model (LRIC).

The LTA boss concluded by saying, they are confident that consumers will experience increased services through fair pricing and provide an increase in overall revenue.

But the opposition political parties in the country have said that the new regulations by LTA, are meant to suffer the already Liberian people by the George Weah administration.