LOCAL Internet Service Providers (ISP) have approached the central bank over plans by the country’s sole telephone company, Tel*One, to charge them in foreign currency.
Tel*One, used by most ISPs to move their cyberspace traffic, demanded that ISPs pay in foreign currency in contravention of exchange control regulations.
The chairman of the ISPs, 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 US$4 million depending on the service licence of the individual company.