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*TelOne Warns Of Possible Internet Blackout As It Chokes With $22 Million Debt*

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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

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> 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:*

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*TelOne Apologizes For Internet Outage*

*More: Herald*

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