There are a number of internet services providers in Australia although the biggest market share is held by Telstra Corporation Limited (known as Telstra), which is Australia's largest telecommunications company. They hold the biggest share of both the broadband and wireless services market in the country with 41 and 65 percent respectively.
Australia is also known for having one of the slowest internet speeds in the developed world, behind countries including Kenya, Hungary and Russia. In 2018, a majority of internet subscribers in the island nation had a advertised download speed of between 24Mbps and 100Mbps. In 2009, the National Broadband Network (NBN) was established to build and operate the nation's wholesale broadband access network. NBN’s key objective is to ensure all Australians have access to fast broadband as soon as possible, at affordable prices, and at a minimum production cost. Telstra currently holds the largest wholesale market share of national broadcast network broadband services, with approximately 50 percent of the market under their control.