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Australian telco fined $39M for exploiting Indigenous folk


Australian telco fined $39M for exploiting Indigenous folk
By ROD McGUIRKMay 13, 2021 GMT
CANBERRA, Australia (AP) Australia’s largest telecommunications company Telstra was fined 50 million Australian dollars ($39 million) on Thursday for unconscionable conduct in selling remote Indigenous customers mobile phone contracts that they did not understand and could not afford.
The fine ordered by a Federal Court judge is the second largest ever imposed under Australian consumer law.
Telstra admitted the offenses in signing up 108 Indigenous customers, some of whom spoke English as a second or third language, to mobile phone accounts.
Staff sometimes manipulated credit assessments to say unemployed customers had jobs. They also failed to properly explain the potential costs and falsely represented products as free of cost. ....

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Welcome To IANS Live - SCIENCE - Let our firms take part in 5G trials, China tells India


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IANSLive
New Delhi, May 6 (IANS) Beijing has expressed deep concerns over India s new telecom policy that does not permit Chinese telecommunication companies to conduct 5G trials in the country, saying the move is not conducive to the innovation and development of related Indian industries.
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Update: 06-May-2021 ....

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T-Mobile Shares Jump After Solid Earnings, Robust 2021 Outlook


T-Mobile said diluted earnings for the three months ending in March were pegged at $74 cents per share, down 32.7% from the same period last year but well ahead of the Street consensus forecast of 57 cents per share. Group revenues also impressed, rising 78% to a forecast-beating $19.8 billion, thanks in part to postpaid net additions of 1.2 million, including 784,000 new phone customers
Average revenue per postpaid user was up 3.25% to $47.30, T-Mobile said, a figure its expects will be the low watermark for this year  and rise about first quarter levels for the remainder of 2021.
Looking into the 2021 financial year, T-Mobile said it sees the postpaid additions number rising to between 4.4 million and 4.9 million and free cash flow of between $5.1 billion and $5.5 billion. ....

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