BMI View: After contracting as all three operators reported net subscription losses in Q113, Egypt’s mobile market returned to growth again in Q213. This was in line with BMI’s overall view, as we forecast growth to continue until 2017. There is a transition under way though, with operators increasing their focus on postpaid migration and growth through wireless data services. Meanwhile, we expect an increase in competition from the entry of Telecom Egypt, likely as an MVNO, in Q413. In contrast, although TE’s launch of multi-play services and its agreement to grant Etisalat access its fixed-line network are positive developments …
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