ACCC overrules Prime Minister Turnbull to cut Telstra phone, internet prices

Telstra is considering its legal options after the competition regulator ordered the telecommunications giant to slash its wholesale network prices by 9.4 per cent in an effort to make phone and internet services cheaper.

While many homes and businesses get their phone and internet services from companies like Singtel-Optus or TPG Telecom, the majority of these depend on copper lines rented from Telstra.