Australia's ACCC Says Telstra Fined A$18 Mln For Misleading Customers

AUSTRALIA'S ACCC:

• TELSTRA FINED A$18 MILLION FOR MISLEADING BELONG CUSTOMERS OVER BROADBAND SPEED CLAIMS

• PENALTY FOR BREACHING THE AUSTRALIAN CONSUMER LAW AFTER IT MOVED ALMOST 9,000 BELONG CUSTOMERS TO A LOWER SPEED PLAN WITHOUT TELLING THEM.

• TOTAL REMEDIATION TELSTRA WILL PAY TO AFFECTED CUSTOMERS EXCEEDS A$2.3 MILLION.