• Will the NPA stand up?

    Solly Moeng wonders if the NPA head will reinstate criminal charges against president Zuma.

  • Commodity currency

    Jac Laubscher asks if the true exchange rate of the rand is really a cue from commodity prices.

  • Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

All data is delayed
Loading...
See More

Vodafone slapped with record fine

Sep 11 2012 08:51
AFP

Wellington - A New Zealand court on Monday ordered Vodafone Plc to pay a record amount of fines for breaking fair trading laws.

An Auckland District Court judge fined the London-based multinational firm 960 000 New Zealand dollars (US$780 000) after it admitted breaching the Fair Trading Act.

The charges related to two mobile broadband marketing campaigns that falsely claimed its service was available everywhere and that its network was the largest in New Zealand.

Vodafone also failed to honour a promotion offering bonuses to customers, the court said.

The ruling followed fines of nearly 500,000 New Zealand dollars (US$406 000) imposed in 2011 for six other charges mainly relating to Vodafone's mobile internet services.

The Commerce Commission said the total penalties were a record for a single defendant under New Zealand's fair trading laws.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

vodafone

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...