Telstra is an Australian telecommunications company that is publicly owned with a mixed ownership structure, including institutional, retail, and individual investors. The company transitioned from a state-owned enterprise to full privatization by 2006. The Australian government no longer owns Telstra, and its ownership is now distributed among shareholders in the public market. Telstra Group Limited controls the group, with subsidiaries handling different parts of its operations and assets. Institutional investors hold a significant portion of the shares, but there is no single majority owner as it is publicly traded on the Australian Securities Exchange (ASX).