Back in 2013, Foxtel had just finished acquiring Austar, its major competitor. Foxtel was enjoying near total dominance in the market. There were other players such as Optus TV and iiNet, however, their market shares were dwarfed by that of Foxtel. IBISWorld reported that Foxtel occupied 92.6% of market share in 2013.

I cannot quite determine if this is considered a monopoly or oligopoly. There is more than one play so basically oligopoly but the market share was 92.6%. Is this then considered monopoly even though there are other competitors?