This report provides a comprehensive strategic analysis of Telstra, the largest telecommunications company in Australia. It examines Telstra's competitive environment, including major rivals like Vodafone and Optus, and assesses the impact of competitive rivalry. The report explores Telstra's vision, goals, and strategic choices, including cost leadership and differentiation strategies. It applies Porter's Five Forces framework and PESTLE analysis to understand the industry dynamics and external factors influencing Telstra's performance. The analysis includes an examination of Telstra's core competencies, outlining its primary and supporting activities. The report concludes with recommendations for Telstra to achieve competitive advantage, considering the company's strengths, weaknesses, opportunities, and threats. The analysis provides insights into the Australian telecommunications industry and Telstra's position within it.