Refile: Optus to pay $65 million fine over 'unconscionable conduct'
18/06/2025 02:17
Corrects to add media packaging code June 18 (Reuters) - Australia's competition watchdog said on Wednesday that Singapore Telecommunications-owned STEL.SI Optus has reached a settlement over allegations of 'unconscionable conduct' in selling telecom goods and services to hundreds of consumers. The settlement includes a A$100 million ($64.85 million) fine and compensation for affected customers. ($1 = 1.5420 Australian dollars) (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sherry Jacob-Phillips) ((Shivangi.Lahiri@thomsonreuters.com;))