27 Aug 2009

Telecom breached compliance rules

8:31 pm on 27 August 2009

Telecom has breached compliance rules by offering loyalty discounts to some wholesale customers.

An Independent Oversight Group set up to make sure the company meets its obligations says the breach is serious.

Telecom says it has received formal notice of the breach and will study the detail of the decision before commenting.

The group investigated Telecom's loyalty offers to wholesale customers after receiving complaints from Vodafone and Kordia.