Google has agreed to pay a fine of A$55 million (approximately $36 million) in Australia after admitting to striking anti-competitive deals with Telstra and Optus. Between late 2019 and early 2021, Google paid the two telcos to pre-install its search app on Android phones, blocking rival search engines.

The Australian Competition and Consumer Commission (ACCC) stated that the arrangement harmed competition, but noted that Google has since ceased such deals. The fine is still awaiting court approval, but both Google and the ACCC have jointly submitted it for consideration.

This comes during a tough time for Google in Australia. Last week, a court ruled mostly against it in Epic Games’ lawsuit over app store practices, and last month, YouTube was included in a ban on social media use for children under 16.

The ACCC stated that the resolution will provide Australians with more choice in search engines and help competitors gain visibility. Google, while settling the case, said that it remains committed to providing device makers with flexibility and keeping Android affordable. Telstra and Optus also promised not to sign similar deals with Google in the future.

Curious About IT Stocks? Ask the Analyst.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!