And indeed it may well be.
You didn't specify your OS, but presumably this is Windows XP.
In Windows XP, the stock supplied telnet is:
Directory of E:\WINDOWS\system32
08/03/2004 11:56 PM 75,264 telnet.exe
(Windows XP, Service Pack 2)
Here is what the Advanced File Analyzer has to say about it:
-----------------------------------------------
Detailed File Analysis
Display name: Microsoft Microsoft Telnet Client
Name: telnet.exe
Description: Microsoft Telnet Client
Original file name: telnetc.exe
Publisher: Microsoft Corporation
Path: E:\WINDOWS\system32\telnet.exe
Version: 5.1.2600.2180
Size: 75264 bytes
Copyright: © Microsoft Corporation. All rights reserved.
Create date: Friday July 16, 2004
Access date: Friday February 18, 2005
Modified date: Wednesday August 4, 2004
MD5: f64f6c05b94f637a1c90e8ee341ebfb9