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TLS - Telstra News Story

NZD3.85 0.0  0.0%

Last Trade - 16/06/21

Sector
Telecoms
Size
Large Cap
Market Cap £23.17bn
Enterprise Value £32.84bn
Revenue £12.20bn
Position in Universe th / 1914

BRIEF-ACCC Says Telstra To Pay $50M Penalty For Unconscionable Sales To Indigenous Consumers

Thu 13th May, 2021 3:02am
May 13 (Reuters) - ACCC:
    * TELSTRA TO PAY $50M PENALTY FOR UNCONSCIONABLE SALES TO
INDIGENOUS CONSUMERS
    * FEDERAL COURT ORDERED TELSTRA PAY PENALTIES FOR SELLING
MOBILE
CONTRACTS TO OVER 100 INDIGENOUS CONSUMERS ACROSS 3 STATES &
TERRITORIES
    * TELSTRA ADMITTED THAT BETWEEN JAN 2016 AND AUG 2018, IT
BREACHED
THE AUSTRALIAN CONSUMER LAW
    * ACCEPTED COURT-ENFORCEABLE UNDERTAKING FROM TELSTRA TO
PROVIDE
REMEDIATION TO AFFECTED CONSUMERS, IMPROVE COMPLIANCE PROGRAM

Source ( https://bit.ly/33CKscC)
Further company coverage:  TLS.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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