Telstra fined AUD6.5 million

23 Feb 2005

Australia’s dominant telco Telstra has been fined AUD6.5 million by the Competition and Consumer Commission (ACCC) over allegations that it was charging too much for its wholesale broadband services. The regulator’s year-long investigation concluded that the operator must rebate USD6.5 million to those affected customers as well as reduce its DSL pricing from 1 January 2006.The telco had initially been expecting to pay a AUD300 million (USD23 million) fine for the allegations.