No. this is economically incorrect. Telecom is a classic example of an industry which will always have imperfect competition because of high barriers to entry

No. this is economically incorrect. Telecom is a classic example of an industry which will always have imperfect competition because of high barriers to entry and large fixed costs. You will always need government intervention to ensure that telecom firms don't abuse their position. American telecom firms are genuinely pieces of work, truly innovative in their means of colluding. They managed to insert pin codes in their bids for spectrum. Thus letting other bidders know they should step out.