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Market Entry Strategy

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EXECUTIVE SUMMARY
This plan seeks to investigate the viability of establishing Virgin Mobile in Nigeria, then launch upon conviction that the environment is conducive and how we will get our mapped-out target to use our services. For purpose of analysing the business environment, PESTEL and SWOT analysis was used and the focus was basically on the telecommunication industry.
PESTEL demonstrated that the environment is conducive for our company and products though there are a couple social unrests such as bombing but the Nigerian government is doing all it can to stop the situation. Nigeria is a developing country and so to continue to increase the rate of development, the government has removed all stringent restrictions on foreign …show more content…

1.2 PESTEL Analysis
Political/legal factors: there are no restrictions on the level of foreign investment (shareholding/domiciled enterprise) as repealed by Decree No. 7 of 1995 Nigeria Enterprise promotion Decree in Nigeria except in production of Ammunition and production of and dealing with narcotic drugs and psychotropic substances. Companies can move money in and out of the country for Business purpose but must be through an authorised agent i.e. solicitor (HB Bill 117 (n. d.).
Intending foreign owned companies must get Business permit, expatriate quota and fulfil all other incorporation conditions required by CAC as well as fulfil all licencing conditions stipulated by Nigerian Communications Commission through its 2003 Act.
The Nigerian communications commission (NCC) recently banned all promotions and lotteries by telecommunications operators. The promotion include free minutes to call at specific times and on-net calls offered at lower tariffs below to prevailing inter-connect rates which causes congestion in network as subscribers taking advantage of the promotion tries to use up the minutes within the time given (NCC 2012). The commission also requires that all telecommunication companies

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