Telstra was not available for comment at press time, but the telco has repeatedly claimed it is the victim of heavy handed regulators particularly from the likes of the Australian Competition and Consumer Commission (ACCC).
A number of senior Telstra executives have criticised the regulator for using the Trade Practices Act "to inflict damage on shareholders and its ability to deliver wholesale services."
However, evidence of the telco's dominance in the Australian market was outlined in a report released last year by telecommunications analyst Paul Budde.
In 2007, Telstra maintained its stranglehold on the wholesale market with revenues of just under $3 billion, which constitutes more than 70 per cent of the $4.2 billion wholesale market.
Budde said demand for broadband remains strong and will cross the five million mark this year.