The application has access to the following:
Network communication
full Internet access
Allows an application to create network sockets.
Your messages
edit SMS or MMS
Allows application to write to SMS messages stored on your phone or SIM card. Malicious applications may delete your messages.
Your location
coarse (network-based) location
Access coarse location sources such as the cellular network database to determine an approximate phone location, where available. Malicious applications can use this to determine approximately where you are.
Your personal information
read contact data
Allows an application to read all of the contact (address) data stored on your phone. Malicious applications can use this to send your data to other people.
Storage
modify/delete SD card contents
Allows an application to write to the SD card.
Hardware controls
control vibrator
Allows the application to control the vibrator.
Feedback for beta apps
Here you have the option to give feedback for a beta app, providing you are testing it.