ZIMBABWE'S MONOPOLY INCUMENT TEL*ONE TO CHARGE ISPS IN FOREIGN CURRENCY
Zimbabwean ISPs have approached the country's Central Bank over plans by the country's incumbent telco, Tel*One, to charge them in foreign currency. Tel*One is used by most ISPs to move their traffic and it is demanding that ISPs pay in foreign currency in contravention of exchange control regulations.
The chairman of the ISP association ZISPA, Shadreck Nkala, confirmed approaches to the RBZ were made this week. "Some people found it necessary to approach the Reserve Bank over the payment requirements set by Tel*One because we feel this is in conflict with the country's regulations," Nkala said. Nkala said Tel*One was charging as much as USD4 million depending on the service licence of the individual company.