I tried to find a name for the Lm1 surcharge imposed by Maltacom on the late payments of bills.
Basing my calculations on a Lm6.09 month late bill I came up with a result of 16 per cent interest being charged per month, that is, 198 per cent interest in one year.
Secondly, Maltacom subscribers and Maltacom never agreed to be charged such interest at the time of the application for a service. The only name which comes to my mind is rip off. I believe this is abuse of market position at the expense of the nation and I cannot believe that such an abuse can still be permitted today.