Singtel has since taken remedial actions that include sacking and or disciplining its employees involved.
Citi Research's Arthur Pineda and Luis Hildao have kept their 'buy" call and $3.60 target price on Singapore Telecommunications (SGX:Z74
) following news that the telco's local unit in Australia has been taken to court by local authorities for allegedly selling mobile phones and contracts to customers who cannot afford.
In its Oct 31 statement, the Australian Competition and Consumer Commission said it has commenced proceedings in the Federal Court alleging that Optus Mobile engaged in "unconscionable" conduct in contravention of the Australian Consumer Law.
