BMI View: Operators continue to struggle with the dual pressures of economic weakness limitingsubscriber spending and market maturity in the mobile sector. The mobile market, similarly most otherWestern European markets, is very mature and BMI does not expect much growth. However, acquisitionsin both the wireline and the mobile markets with the sales of Portugal Telecom and potential divestment ofCabovisão, will add dynamics to the Portugese telecom sector.
Wireline voice access is forecast to decline from 4.530mn in 2013 to 4.313mn by 2019 as moreconsumers switch to mobiles or IP-based substitutes.
Market saturation and chilly economic climate will mean volatile mobile subscriptions growth in thefuture. Market is forecast to grow from 16.914mn in 2013 to 17.161mn by 2019. 3G/4G upgrades will beoperators' area of focus; subscriptions are forecast to rise from 4.462mn in 2013 to 5.037mn in 2019.
Converged services will continue to be popular, with bundling seen by operators as the mosteconomically viable means of expanding their user and revenue bases. However, dampened consumerspending means that broadband subscriptions are forecast to rise from 3.322mn in 2013 to just 3.502mnin 2019.