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*TelOne Warns Of Possible Internet Blackout As It Chokes With $22 Million Debt* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?cr The current foreign currency shortage threatens to negatively impact the country’s internet connectivity. An internet blackout in the near future is now a distinct possibility as TelOne has failed to settle its financial obligations with companies from Africa, Asia and Europe. In total, TelOne owes $22 million dollars. This was revealed by TelOne’s managing director Chipo Mutasa. She said ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > TelOne is in receipt of demand letters from the following service providers; TDM of Mozambique — $5,7 million for backhaul services, Telecom Capital Finance — $1,1 million for loan repayment, Duraline — $845 000 for network material, WIOCC — $6,2 million for internet bandwidth. > TelOne continues to be crippled by the escalating arrears on a monthly basis with no meaningful allocations received since July 2018. > We continue to plead for the telecommunications sector to be prioritised for foreign currency allocations and this needs your urgent intervention as the situation is now out of control. > Withdrawal of services will result in a standstill of our operations and a major internet blackout for the country. > As reiterated in our past correspondences, Telecom Capital Finance secured a default judgment against TelOne in Mauritius. > The continued delayed remittances will result in seizure of TelOne shares in WIOCC any moment from now (while) Telecom Capital will be reinstating $1,6 million that was written off when refinancing was negotiated in 2014, if TelOne fails to pay the balance of US$1,1 million by December 20, 2018 (today). *Related:* *TelOne Centre For Learning Set To Become University By 2023* *TelOne Apologizes For Internet Outage* *More: Herald* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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