BMI View: Although mobile penetration crossed the 100% mark in the end of 2012, the market continued to show considerable growth in Q113. Increasing mobile substitution continued to apply downward pressure on the fixed-line connections, which showed slow and erratic growth in the first quarter of 2013. Strong uptake of data services in Q113 support our continued view that increased data usage will drive growth in the telecoms sector over our forecast period to 2017. Outperformance of this sector will be underpinned by ongoing investment in the extension of network coverage to underserved areas, improved submarine cable connections, which will …
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