Optus pays $51,000 fine over NBN speed lie

Telco giant Optus has been fined by the ACCC for misleading consumers about its broadband internet service speeds.

Optus has been slapped with a $51,000 fine after making false claims about its broadband speed. (AAP)

Optus has been slapped with a $51,000 fine after making false claims about the speed of its broadband internet services.

The ACCC said the telco advertised its cable broadband plans as having "NBN-like" speeds, when its service is actually slower.

"As consumers migrate to the NBN, the ACCC's action in this matter is a timely reminder to broadband internet providers that they must not misrepresent the performance of the services they are selling, ACCC chairman Rod Sims said in a statement on Thursday.

Optus has paid the fine.