Australian telecom firms fined $22.1 million for false internet speed claims - Yahoo Finance

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(Reuters) -Three Australian telecom firms person been ordered by a tribunal to wage a corporate A$33.5 cardinal ($22.08 million) successful penalties for making misleading claims astir speeds of immoderate NBN net plans, the country's contention regulator said connected Friday.

The Australian Federal Court has ordered Telstra to wage A$15 million, a portion of TPG Telecom to cough up A$5 million, and imposed a good of A$13.5 cardinal connected Optus, a portion of Singapore Telecommunications, the Australian Competition & Consumer Commission (ACCC) said.

All 3 telcos person admitted successful tribunal of making mendacious oregon misleading statements, the regulator said, claiming astir 120,000 customers were affected.

According to the ACCC, the mendacious oregon misleading statements were made for astatine slightest 12 months successful 2019 and perchance extended until 2020, related to their 50 Megabits per 2nd (Mbps) oregon 100Mbps fibre to the node plans.

NBN, oregon National Broadband Network, is simply a government-run broadband network.

Telstra, TPG, and Optus did not instantly respond to Reuters requests to comment.

($1 = 1.5175 Australian dollars)

(Reporting by Harshita Swaminathan; Editing by Sherry Jacob-Phillips)

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