"At this stage, the Optus entities are not able to determine the quantum of any penalties. That is ultimately a matter for the Federal Court to determine.
"If a contravention is found, the Court will consider a number of factors and apply a penalty amount it determines overall as appropriate based on the events that occurred. It is not necessarily a direct calculation based on the number of contraventions," says Optus.
Singtel shares as at 10.25 am changed hands at $3.99, down 0.5% thus far today.
