Asian-based telecom operator recently announced that it was launching Virgin Mobile as a new telecom brand within the country. It would operate in conjunction with bigger Industries. Assuming the trend continues, and the government opens the market for private and foreign players. You are required to

a). Apply your understanding and concepts from managerial Economics, to investigate and summarize the major characteristics of the emerging market form in the telecom industry.

b). Analyze the pricing policies that you would expect to find in this industry.