TPG offers to pay $5m for overpromising NBN speeds after admitting breach of consumer law

The ACCC took TPG, Optus and Telstra to court last year alleging false or misleading representations in their fibre-to-the-node advertising. Photograph: Steven Saphore/Reuters

TPG has offered to pay $5m in damages for signing customers up to higher-speed NBN plans when their fibre-to-the-node connections were not capable of achieving the speeds promised.

In August last year, the ACCC took TPG and its rivals Optus and Telstra to court alleging false or misleading representations in advertising 50Mbps and 100Mbps on fibre-to-the-node services.