Creator Forum - Racial Loyalty News Online
Racial Loyalty News => General News => Downunder News => Topic started by: Rev.Cambeul on Thu 29 Jul 2010
Telstra hit with $18.5m fine
Telstra will not appeal a massive $18.55 million fine for anti-competitive behaviour by blocking small telco players access to telephone exchanges around Australia.
The judgment is the biggest penalty for an Australian telecommunications company but lags behind the record $36 million handed out to cardboard maker Visy when it was headed by the late Richard Pratt.
The corporate watchdog had pushed for a $40 million fine for the breaches, which occurred between January 2006 and February 2008 under the Sol Trujillo reign at Telstra, but Justice John Middleton believed the telco's conduct was not deliberately anti-competitive.
The Australian Competition and Consumer Commission (ACCC) had taken Telstra to the Federal Court of Australia for refusing competitors access 27 times to installing ADSL equipment at seven exchanges around Australia. [more ... (http://www.independentweekly.com.au/news/national/national/general/telstra-hit-with-185m-fine/1898295.aspx?src=rss)]