Telstra Corp, Australia 's largest phone company, submitted a proposal to bid to build a nationwide high-speed Internet network in Australia, challenging the Terria group led by Singapore Telecommunications and two others.
Telstra, the former state-owned phone monopoly, aims to defend its dominance in Australia 's telecommunications market.
Second-ranked SingTel Optus Pty, SingTel's Sydney-based subsidiary which has less than a third of Telstra's high-speed Internet users, could narrow the gap by building the fibre-optic network.
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