This application has access to the following:

Services that cost you money
directly call phone numbers
Allows the application to call phone numbers without your intervention. Malicious applications may cause unexpected calls on your phone bill. Note that this does not allow the application to call emergency numbers.

Your location
coarse (network-based) location
Access coarse location sources such as the cellular network database to determine an approximate device location, where available. Malicious applications can use this to determine approximately where you are.
fine (GPS) location
Access fine location sources such as the Global Positioning System on the device, where available. Malicious applications can use this to determine where you are, and may consume additional battery power.

Network communication
full Internet access
Allows an application to create network sockets.

Your personal information
read calendar events
Allows an application to read all of the calendar events stored on your device. Malicious applications can use this to send your calendar events to other people.
add or modify calendar events and send email to guests
Allows an application to add or change the events on your calendar, which may send email to guests. Malicious applications can use this to erase or modify your calendar events or to send email to guests.

Phone calls
read phone state and identity
Allows the application to access the phone features of the device. An application with this permission can determine the phone number and serial number of this phone, whether a call is active, the number that call is connected to and the like.

Storage
modify/delete USB storage contents modify/delete SD card contents
Allows an application to write to the USB storage. Allows an application to write to the SD card.

Hardware controls
control vibrator
Allows the application to control the vibrator.

Network communication
view network state
Allows an application to view the state of all networks.

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