Australia – The government raised pressure on Australia’s largest telecommunications company – Telstra Corp. – to surrender its market domination by splitting its wholesale and retail businesses, according to Forbes. The Telstra overhaul is part of government plans to build a 43 billion Australian dollar ($37 billion) state-of-the-art national broadband network. Once a government-owned monopoly, Telstra is now privatized and remains heavily regulated to promote competition from smaller phone companies that rent access to the nation’s aging copper telephone line network from Telstra. The government introduced legislation into parliament to encourage Telstra to separate its wholesale business that serves rival telecommunications companies from its retail business with general customers. The bill will be debated later this year.