We have made only minor forecast adjustments in the latest Q417 report update. We are of the opinion that the Austrian telecoms market is split between a stagnant mobile market and a more buoyant fixed sector. The mobile market is saturated, with the main growth coming from the migration towards data services using LTE networks. Competition between the three MNOs and multiple MVNOs means that ARPU growth will remain limited despite greater usage. On the fixed side, fixed voice continues to be resilient through convergence, while broadband services are driven both by more advanced fixed networks and the continuing popularity of dedicated mobile broadband services.
Latest Updates And Industry Developments
The mobile market ended Q27 with just over 13.999mn subscribers according to our estimates. Regulatory data from Q316 show that there were almost 6.1mn LTE subscribers in the country, up from 1.0mn at YE15