are markets pricing in the chance that TPM become of 'telstra'...

are markets pricing in the chance that TPM become of 'telstra' size over the next 10 years? well, let me rephrase, not of the 'same' size but to chip away at the solid lead telstra has.

I think telstra is feeling the pain by trying to expand into new markets. they've been #1 for too long and it looks like they are being complacent. i was just thinking the other day, is there really much logic in investing in Telstra when so much is already priced in?

I think in Australia they will need to drastically lower prices in the next 5-10 years to stay competitive against the incumbents.